EstatePass
USThard11% of exam

During a Pennsylvania license review, an examiner asks about SAFE testing. Which response is accurate?

Correct Answer

B) Pennsylvania mortgage originator fees are $200 initial and $100 renewal, with enhanced fees of $225 initial and $125 renewal if the statutory 20 percent branch-license reduction condition applies.

Pennsylvania mortgage originator fees are $200 initial and $100 renewal, with enhanced fees of $225 initial and $125 renewal if the statutory 20 percent branch-license reduction condition applies.

Answer Options
A
Apply the Pennsylvania rule only to company licenses and never to individual MLO activity.
B
Pennsylvania mortgage originator fees are $200 initial and $100 renewal, with enhanced fees of $225 initial and $125 renewal if the statutory 20 percent branch-license reduction condition applies.
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

Pennsylvania mortgage originator fees are $200 initial and $100 renewal, with enhanced fees of $225 initial and $125 renewal if the statutory 20 percent branch-license reduction condition applies.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing