A mortgage company asks a state compliance officer to validate a New Jersey annual compliance meeting involving continuing education and renewal. Which statement is reliable?
Correct Answer
B) New Jersey MLO pre-licensure education is 20 hours of NMLS-approved education and must include 4 hours of New Jersey law.
New Jersey MLO pre-licensure education is 20 hours of NMLS-approved education and must include 4 hours of New Jersey law.
Why This Is the Correct Answer
New Jersey MLO pre-licensure education is 20 hours of NMLS-approved education and must include 4 hours of New Jersey law.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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A lender preparing a Wisconsin branch onboarding review asks a policy analyst about continuing education and renewal. Which response should be followed?
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A policy analyst handling a Colorado supervisory file review needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?