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During a North Carolina renewal checklist, a renewal specialist must resolve a question about pre-licensure education. Which statement should control?

Correct Answer

A) North Carolina recognizes temporary authority under 12 U.S.C. 5117, and NCCOB guidance ties qualifying temporary-authority applicants to a 120-day PE completion window.

North Carolina recognizes temporary authority under 12 U.S.C. 5117, and NCCOB guidance ties qualifying temporary-authority applicants to a 120-day PE completion window. North Carolina recognizes temporary authority for certain covered individuals under 12 U.S.C. 5117, and NCCOB guidance ties temporary-authority applicants to a 120-day PE completion window.

Answer Options
A
North Carolina recognizes temporary authority under 12 U.S.C. 5117, and NCCOB guidance ties qualifying temporary-authority applicants to a 120-day PE completion window.
B
Delay the North Carolina requirement until after the loan closes or the renewal period ends.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Treat the timing or filing requirement as optional if the transaction appears low risk.

Why This Is the Correct Answer

North Carolina recognizes temporary authority under 12 U.S.C. 5117, and NCCOB guidance ties qualifying temporary-authority applicants to a 120-day PE completion window. North Carolina recognizes temporary authority for certain covered individuals under 12 U.S.C. 5117, and NCCOB guidance ties temporary-authority applicants to a 120-day PE completion window.

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