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A staff member asks whether a New York procedure for pre-licensure education is compliant. Which answer is correct?

Correct Answer

B) New York DFS MLO applicants must complete 20 hours of NMLS-approved pre-licensure education, including 3 hours of New York law.

New York DFS MLO applicants must complete 20 hours of NMLS-approved pre-licensure education, including 3 hours of New York law.

Answer Options
A
Let the MLO originate while waiting for the New York status, sponsorship, or renewal issue to be corrected.
B
New York DFS MLO applicants must complete 20 hours of NMLS-approved pre-licensure education, including 3 hours of New York law.
C
Let production staff decide whether continuing education and renewal matters for the file.
D
Skip documentation because the remote-work procedure appears routine.

Why This Is the Correct Answer

New York DFS MLO applicants must complete 20 hours of NMLS-approved pre-licensure education, including 3 hours of New York law.

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