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A training quiz asks about Ohio rules for pre-licensure education. Which option gives the correct rule?

Correct Answer

B) Ohio MLO applicants must complete at least 24 hours of pre-licensing instruction, including 20 hours of approved education and 4 hours on Ohio lending laws and the Ohio Consumer Sales Practices Act.

Ohio MLO applicants must complete at least 24 hours of pre-licensing instruction, including 20 hours of approved education and 4 hours on Ohio lending laws and the Ohio Consumer Sales Practices Act.

Answer Options
A
Skip the Ohio requirement because the company already follows general SAFE Act procedures.
B
Ohio MLO applicants must complete at least 24 hours of pre-licensing instruction, including 20 hours of approved education and 4 hours on Ohio lending laws and the Ohio Consumer Sales Practices Act.
C
Treat continuing education and renewal as optional because the company has a general Ohio compliance policy.
D
Postpone the Ohio continuing education and renewal issue until the next annual review.

Why This Is the Correct Answer

Ohio MLO applicants must complete at least 24 hours of pre-licensing instruction, including 20 hours of approved education and 4 hours on Ohio lending laws and the Ohio Consumer Sales Practices Act.

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