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A compliance officer is coaching an MLO on Washington pre-licensure education. Which answer should the MLO follow?

Correct Answer

A) Washington MLO PE is 22 hours total, including 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage products, 10 elective hours, and 4 hours Washington law.

Washington MLO PE is 22 hours total, including 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage products, 10 elective hours, and 4 hours Washington law.

Answer Options
A
Washington MLO PE is 22 hours total, including 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage products, 10 elective hours, and 4 hours Washington law.
B
Delay the Washington requirement until after the loan closes or the renewal period ends.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Treat the timing or filing requirement as optional if the transaction appears low risk.

Why This Is the Correct Answer

Washington MLO PE is 22 hours total, including 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage products, 10 elective hours, and 4 hours Washington law.

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