An IN-SOS MLO applicant completes 20 approved PE hours covering the national subject minimums but none on Indiana law. According to the NMLS Indiana-SOS education guidance, does the total of 20 hours alone satisfy the stated PE requirements?
Correct Answer
A) No; the required two hours of Indiana law must also be included
A. Total hours alone do not establish the required Indiana-law coverage. NMLS specifies two Indiana-law hours within the IN-SOS 20-hour allocation. An approved comprehensive course or state-specific elective can supply that component, but it cannot be omitted. Scope and exceptions: This addresses IN-SOS, not a blanket rule for IN-DFI. A learner who already took 20 hours without Indiana law may need additional coursework; that does not change the stated statutory allocation into a universal 22-hour minimum. Source: Indiana-SOS Pre-Licensure Education Requirements — https://mortgage.nationwidelicensingsystem.org/knowledge/products/nmls/pubs/testingHbk/education/mlo_testing/state_specificReqs/mlo_testing_hbk_stateSpecific_IN-SOS.html
Why This Is the Correct Answer
A. Total hours alone do not establish the required Indiana-law coverage. NMLS specifies two Indiana-law hours within the IN-SOS 20-hour allocation. An approved comprehensive course or state-specific elective can supply that component, but it cannot be omitted. Scope and exceptions: This addresses IN-SOS, not a blanket rule for IN-DFI. A learner who already took 20 hours without Indiana law may need additional coursework; that does not change the stated statutory allocation into a universal 22-hour minimum.
Why the Other Options Are Wrong
Option B: Yes; meeting the total eliminates state-specific subject requirements
Treats total hours as a substitute for content requirements.
Option C: Yes; Indiana law is required only for annual continuing education
Moves a PE requirement to a different education category.
Option D: No; every applicant must complete forty total PE hours
Invents a forty-hour minimum.
Exam Tip
Check jurisdiction and subject allocation, not just the transcript total.
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