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A state compliance officer compares company policy with Ohio requirements during a state-law refresher. Which statement fits continuing education and renewal?

Correct Answer

A) Ohio annual MLO continuing education requires at least 8 hours, including 3 hours federal law, 2 hours ethics, and 2 hours related to non-qualified mortgage lending standards or the nontraditional mortgage product marketplace.

Ohio annual MLO continuing education requires at least 8 hours, including 3 hours federal law, 2 hours ethics, and 2 hours related to non-qualified mortgage lending standards or the nontraditional mortgage product marketplace.

Answer Options
A
Ohio annual MLO continuing education requires at least 8 hours, including 3 hours federal law, 2 hours ethics, and 2 hours related to non-qualified mortgage lending standards or the nontraditional mortgage product marketplace.
B
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
C
Continue the activity and document the issue only if a complaint is later filed.
D
Let the MLO originate while waiting for the Ohio status, sponsorship, or renewal issue to be corrected.

Why This Is the Correct Answer

Ohio annual MLO continuing education requires at least 8 hours, including 3 hours federal law, 2 hours ethics, and 2 hours related to non-qualified mortgage lending standards or the nontraditional mortgage product marketplace.

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