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A compliance manager is updating the Kentucky MLO checklist for continuing education and renewal. Which statement belongs in the checklist?

Correct Answer

A) NMLS lists Kentucky state-licensed MLO PE as 20 total hours with no separate Kentucky-specific PE hour and annual CE as 8 total hours with 1 Kentucky-specific CE hour.

NMLS lists Kentucky state-licensed MLO PE as 20 total hours with no separate Kentucky-specific PE hour and annual CE as 8 total hours with 1 Kentucky-specific CE hour.

Answer Options
A
NMLS lists Kentucky state-licensed MLO PE as 20 total hours with no separate Kentucky-specific PE hour and annual CE as 8 total hours with 1 Kentucky-specific CE hour.
B
Assume the Kentucky requirement does not apply to this new-license application.
C
Treat continuing education and renewal as satisfied by borrower consent alone.
D
Delay the Kentucky requirement until after the loan closes or the renewal period ends.

Why This Is the Correct Answer

NMLS lists Kentucky state-licensed MLO PE as 20 total hours with no separate Kentucky-specific PE hour and annual CE as 8 total hours with 1 Kentucky-specific CE hour.

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