During an Illinois NMLS filing review, a policy analyst must resolve a question about continuing education and renewal. Which statement should control?
Correct Answer
C) Illinois MLO renewal standards require continued satisfaction of Section 7-3 issuance standards, completion of Section 7-7 annual CE, and payment of all required renewal fees; an MLO license that fails renewal standards expires.
Illinois MLO renewal standards require continued satisfaction of Section 7-3 issuance standards, completion of Section 7-7 annual CE, and payment of all required renewal fees; an MLO license that fails renewal standards expires.
Why This Is the Correct Answer
Illinois MLO renewal standards require continued satisfaction of Section 7-3 issuance standards, completion of Section 7-7 annual CE, and payment of all required renewal fees; an MLO license that fails renewal standards expires.
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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