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A mortgage company is training staff on Kentucky requirements for continuing education and renewal. Which statement should the trainer use?

Correct Answer

B) Kentucky MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.

Kentucky MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.

Answer Options
A
Skip the Kentucky requirement because the company already follows general SAFE Act procedures.
B
Kentucky MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.
C
Treat continuing education and renewal as optional because the company has a general Kentucky compliance policy.
D
Postpone the Kentucky continuing education and renewal issue until the next annual review.

Why This Is the Correct Answer

Kentucky MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.

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