A licensing specialist is reviewing an Illinois file for SAFE testing. Which conclusion is best supported?
Correct Answer
C) Illinois follows SAFE MLO testing rules, including the stated score, waiting-period, and expiration requirements.
Illinois MLO testing requires a score of at least 75 percent; an individual may retake the test 3 consecutive times with at least 30 days between retakes, must wait at least 6 months after 3 consecutive failures, and must retake the test after failing to maintain a valid license for 5 years or longer excluding time as a registered MLO.
Why This Is the Correct Answer
Illinois MLO testing requires a score of at least 75 percent; an individual may retake the test 3 consecutive times with at least 30 days between retakes, must wait at least 6 months after 3 consecutive failures, and must retake the test after failing to maintain a valid license for 5 years or longer excluding time as a registered MLO.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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