EstatePass
USTmedium11% of exam

An internal reviewer flags a Pennsylvania question about pre-licensure education. Which compliance answer is reliable?

Correct Answer

A) Pennsylvania mortgage originator applicants, and at least one qualifying individual of a mortgage broker or lender applicant, must complete prelicensing education and pass a written test to obtain a license.

Pennsylvania mortgage originator applicants, and at least one qualifying individual of a mortgage broker or lender applicant, must complete prelicensing education and pass a written test to obtain a license.

Answer Options
A
Pennsylvania mortgage originator applicants, and at least one qualifying individual of a mortgage broker or lender applicant, must complete prelicensing education and pass a written test to obtain a license.
B
Use only the federal baseline and ignore the separate Pennsylvania state requirement.
C
Apply the rule only after the Pennsylvania regulator has already opened an examination.
D
Skip the Pennsylvania requirement because the company already follows general SAFE Act procedures.

Why This Is the Correct Answer

Pennsylvania mortgage originator applicants, and at least one qualifying individual of a mortgage broker or lender applicant, must complete prelicensing education and pass a written test to obtain a license.

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