A compliance trainer wants one accurate takeaway about Virginia pre-licensure education. Which statement should be used?
Correct Answer
B) Virginia prelicensing education requires at least 20 hours, including 3 hours federal law, 3 hours ethics with fraud, consumer protection, and fair lending, and 2 hours on nontraditional mortgage product lending standards.
Virginia prelicensing education requires at least 20 hours, including 3 hours federal law, 3 hours ethics with fraud, consumer protection, and fair lending, and 2 hours on nontraditional mortgage product lending standards.
Why This Is the Correct Answer
Virginia prelicensing education requires at least 20 hours, including 3 hours federal law, 3 hours ethics with fraud, consumer protection, and fair lending, and 2 hours on nontraditional mortgage product lending standards.
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