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A mortgage company asks a quality-control reviewer to validate a Massachusetts new-license application involving continuing education and renewal. Which statement is reliable?

Correct Answer

B) Massachusetts CE and renewal requirements apply as stated for the licensing year.

NMLS lists Massachusetts CE as 3 federal law, 2 ethics, 2 nontraditional mortgage lending, plus 1 additional hour of Massachusetts-specific education, with a December 31 CE deadline and a renewal block if CE is incomplete.

Answer Options
A
Skip the Massachusetts requirement because the company already follows general SAFE Act procedures.
B
Massachusetts CE and renewal requirements apply as stated for the licensing year.
C
Treat continuing education and renewal as optional because the company has a general Massachusetts compliance policy.
D
Postpone the Massachusetts continuing education and renewal issue until the next annual review.

Why This Is the Correct Answer

NMLS lists Massachusetts CE as 3 federal law, 2 ethics, 2 nontraditional mortgage lending, plus 1 additional hour of Massachusetts-specific education, with a December 31 CE deadline and a renewal block if CE is incomplete.

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