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A licensing analyst is validating a Utah mortgage policy for pre-licensure education. Which statement is best?

Correct Answer

A) NMLS lists Utah DFI pre-licensure education as 20 NMLS-approved hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, and 12 electives.

NMLS lists Utah DFI pre-licensure education as 20 NMLS-approved hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, and 12 electives.

Answer Options
A
NMLS lists Utah DFI pre-licensure education as 20 NMLS-approved hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, and 12 electives.
B
Use only the federal baseline and ignore the separate Utah state requirement.
C
Apply the rule only after the Utah regulator has already opened an examination.
D
Skip the Utah requirement because the company already follows general SAFE Act procedures.

Why This Is the Correct Answer

NMLS lists Utah DFI pre-licensure education as 20 NMLS-approved hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, and 12 electives.

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