A mortgage company is training staff on Maryland requirements for pre-licensure education. Which statement should the trainer use?
Correct Answer
D) A Maryland applicant who already completed 20 hours of SAFE PE in another state does not repeat SAFE PE, but still must complete 5 hours of Maryland-specific education.
A Maryland applicant who already completed 20 hours of SAFE PE in another state does not repeat SAFE PE, but still must complete 5 hours of Maryland-specific education.
Why This Is the Correct Answer
A Maryland applicant who already completed 20 hours of SAFE PE in another state does not repeat SAFE PE, but still must complete 5 hours of Maryland-specific education.
Why the Other Options Are Wrong
Option A: Postpone the Maryland continuing education and renewal issue until the next annual review.
Postpone the Maryland continuing education and renewal issue until the next annual review. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option B: Use only the federal baseline and ignore the separate Maryland state requirement.
Use only the federal baseline and ignore the separate Maryland state requirement. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option C: Apply the rule only after the Maryland regulator has already opened an examination.
Apply the rule only after the Maryland regulator has already opened an examination. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
MD -> md-application-education-testing-and-renewal
Exam Tip
For Maryland education questions, remember 20 PE hours with 5 Maryland-specific hours and 8 CE hours with 1 Maryland law hour.
Common Mistakes to Avoid
- -Using a national baseline answer when Maryland has a state-specific rule
- -Confusing NMLS workflow, Maryland Office of Financial Regulation requirements, COMAR rules, and statutory requirements
- -Treating temporary authority, inactive status, or exemptions as blanket permission
More UST Questions
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