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an Idaho compliance file raises a pre-licensure education question involving Department of Finance says MLO applicants need 20 hours of PE, 2 hours of Idaho content, passing results. Which statement is supported by the state rule?

Correct Answer

D) Idaho pre-licensure education must satisfy the required NMLS and state-specific hours before licensing.

Idaho Department of Finance says MLO applicants need 20 hours of PE, 2 hours of Idaho content, passing results on the National Test Component with Uniform State Content, and NMLS criminal background and credit authorizations.

Answer Options
A
Rely on prior mortgage experience instead of the stated state or NMLS requirement.
B
Treat the file as complete without the required licensing documentation.
C
Delay the correction until after approval, closing, or a later complaint.
D
Idaho pre-licensure education must satisfy the required NMLS and state-specific hours before licensing.

Why This Is the Correct Answer

Idaho Department of Finance says MLO applicants need 20 hours of PE, 2 hours of Idaho content, passing results on the National Test Component with Uniform State Content, and NMLS criminal background and credit authorizations.

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