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A renewal specialist handling an Ohio company policy update needs the compliant answer for continuing education and renewal. What should the reviewer choose?

Correct Answer

A) NMLS lists Ohio state-licensed MLO pre-licensing education as 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage lending, 12 elective hours, plus 4 hours of Ohio ORMLA law.

NMLS lists Ohio state-licensed MLO pre-licensing education as 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage lending, 12 elective hours, plus 4 hours of Ohio ORMLA law.

Answer Options
A
NMLS lists Ohio state-licensed MLO pre-licensing education as 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage lending, 12 elective hours, plus 4 hours of Ohio ORMLA law.
B
Use an informal manager exception without updating the license, file, or required record.
C
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
D
Use a consumer complaint response exception instead of satisfying the rule before activity continues.

Why This Is the Correct Answer

NMLS lists Ohio state-licensed MLO pre-licensing education as 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage lending, 12 elective hours, plus 4 hours of Ohio ORMLA law.

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