A compliance officer is coaching an MLO on Pennsylvania pre-licensure education. Which answer should the MLO follow?
Correct Answer
C) NMLS lists Pennsylvania state-licensed MLO pre-licensure education as 20 hours: 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage lending, 9 elective hours, and 3 hours of Pennsylvania law.
NMLS lists Pennsylvania state-licensed MLO pre-licensure education as 20 hours: 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage lending, 9 elective hours, and 3 hours of Pennsylvania law.
Why This Is the Correct Answer
NMLS lists Pennsylvania state-licensed MLO pre-licensure education as 20 hours: 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage lending, 9 elective hours, and 3 hours of Pennsylvania law.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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