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A staff member asks whether a Pennsylvania procedure for continuing education and renewal is compliant. Which answer is correct?

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
Use an informal manager exception without updating the license, file, or required record.
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
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
D
Use a advertising approval exception instead of satisfying the rule before activity continues.

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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