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An operations lead is updating Ohio procedures for branch onboarding review and flags continuing education and renewal. Which answer is accurate?

Correct Answer

D) 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
Assume another state's approval automatically satisfies the Ohio requirement.
B
Apply the Ohio rule only to company licenses and never to individual MLO activity.
C
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record.
D
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.

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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