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A mortgage company asks an audit analyst to validate a North Carolina renewal checklist involving continuing education and renewal. Which statement is reliable?

Correct Answer

B) NC generally requires PE within the 3 years immediately before application unless an exception applies.

NC generally requires PE within the 3 years immediately before application unless an exception applies. North Carolina generally requires PE completion within 3 years immediately preceding the date of application unless an exception applies.

Answer Options
A
Use another jurisdiction's approval as a substitute for the North Carolina requirement.
B
NC generally requires PE within the 3 years immediately before application unless an exception applies.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Assume another state's approval automatically satisfies the North Carolina requirement.

Why This Is the Correct Answer

NC generally requires PE within the 3 years immediately before application unless an exception applies. North Carolina generally requires PE completion within 3 years immediately preceding the date of application unless an exception applies.

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