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A Pennsylvania quality-control reviewer is reviewing a new-license application tied to continuing education and renewal. Which rule should be applied?

Correct Answer

D) Pennsylvania written testing requires a qualified NMLS-developed test, and a passing score is not less than 75 percent correct answers.

Pennsylvania written testing requires a qualified NMLS-developed test, and a passing score is not less than 75 percent correct answers.

Answer Options
A
Treat the requirement as waived because the borrower or employer agrees.
B
Assume another state's approval automatically satisfies the Pennsylvania requirement.
C
Apply the Pennsylvania rule only to company licenses and never to individual MLO activity.
D
Pennsylvania written testing requires a qualified NMLS-developed test, and a passing score is not less than 75 percent correct answers.

Why This Is the Correct Answer

Pennsylvania written testing requires a qualified NMLS-developed test, and a passing score is not less than 75 percent correct answers.

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