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A policy exception is requested for a New Jersey matter involving pre-licensure education. Which rule controls?

Correct Answer

D) 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.

Answer Options
A
Treat consumer consent as a cure for a prohibited or missing compliance step.
B
Treat the timing or filing requirement as optional if the transaction appears low risk.
C
Assume the New Jersey requirement does not apply to this state-law refresher.
D
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.

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