EstatePass
USThard11% of exam

A compliance review meeting turns to New York continuing education and renewal. Which rule should be cited?

Correct Answer

C) NMLS New York education guidance includes a 3-hour state-specific law requirement for New York MLO pre-licensure education, and New York DFS state-specific CE is reflected in the 11-hour annual CE planning baseline.

NMLS New York education guidance includes a 3-hour state-specific law requirement for New York MLO pre-licensure education, and New York DFS state-specific CE is reflected in the 11-hour annual CE planning baseline.

Answer Options
A
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
B
Continue the activity and document the issue only if a complaint is later filed.
C
NMLS New York education guidance includes a 3-hour state-specific law requirement for New York MLO pre-licensure education, and New York DFS state-specific CE is reflected in the 11-hour annual CE planning baseline.
D
Let the MLO originate while waiting for the New York status, sponsorship, or renewal issue to be corrected.

Why This Is the Correct Answer

NMLS New York education guidance includes a 3-hour state-specific law requirement for New York MLO pre-licensure education, and New York DFS state-specific CE is reflected in the 11-hour annual CE planning baseline.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing