An MLO file in Idaho cannot be cleared until a compliance counsel resolves pre-licensure education. Which rule applies?
Correct Answer
A) Idaho PE requires 20 NMLS-approved hours with required federal, ethics, nontraditional-mortgage, and state content where applicable.
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.
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.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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