A North Carolina file is paused during an annual compliance meeting because of continuing education and renewal. Which statement clears the compliance question?
Correct Answer
D) NC CE courses are reviewed and approved by NMLS, the same approved course cannot be used in the same or successive years, and instructor credit is 2 hours for every 1 hour taught.
NC CE courses are reviewed and approved by NMLS, the same approved course cannot be used in the same or successive years, and instructor credit is 2 hours for every 1 hour taught. North Carolina CE courses are reviewed and approved by NMLS; a licensed MLO may not take the same approved course in the same or successive years, and instructor credit is 2 hours credit for every 1 hour taught.
Why This Is the Correct Answer
NC CE courses are reviewed and approved by NMLS, the same approved course cannot be used in the same or successive years, and instructor credit is 2 hours for every 1 hour taught. North Carolina CE courses are reviewed and approved by NMLS; a licensed MLO may not take the same approved course in the same or successive years, and instructor credit is 2 hours credit for every 1 hour taught.
Why the Other Options Are Wrong
Option A: Let the MLO originate while waiting for the North Carolina status, sponsorship, or renewal issue to be corrected.
Let the MLO originate while waiting for the North Carolina status, sponsorship, or renewal issue to be corrected. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option B: Let production staff decide whether continuing education and renewal matters for the file.
Let production staff decide whether continuing education and renewal matters for the file. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option C: Skip documentation because the supervisory file review appears routine.
Skip documentation because the supervisory file review appears routine. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
NC -> nc-education-testing-and-renewal
Exam Tip
NC blocks same-course repeats in same or successive years.
Common Mistakes to Avoid
- -Using a national baseline answer when North Carolina has a state-specific rule
- -Confusing company licensing, MLO licensing, and sponsorship
- -Treating an exemption or temporary authority rule as a blanket waiver
More UST Questions
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