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A licensing analyst is validating a Pennsylvania mortgage policy for continuing education and renewal. Which statement is best?

Correct Answer

B) NMLS lists Pennsylvania annual MLO continuing education as 8 hours: 3 hours federal law, 2 hours ethics, 2 hours nontraditional mortgage lending, and 1 hour of Pennsylvania-specific education.

NMLS lists Pennsylvania annual MLO continuing education as 8 hours: 3 hours federal law, 2 hours ethics, 2 hours nontraditional mortgage lending, and 1 hour of Pennsylvania-specific education.

Answer Options
A
Apply the Pennsylvania rule only to company licenses and never to individual MLO activity.
B
NMLS lists Pennsylvania annual MLO continuing education as 8 hours: 3 hours federal law, 2 hours ethics, 2 hours nontraditional mortgage lending, and 1 hour of Pennsylvania-specific education.
C
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record.
D
Use another jurisdiction's approval as a substitute for the Pennsylvania requirement.

Why This Is the Correct Answer

NMLS lists Pennsylvania annual MLO continuing education as 8 hours: 3 hours federal law, 2 hours ethics, 2 hours nontraditional mortgage lending, and 1 hour of Pennsylvania-specific education.

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