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An audit analyst handling a Pennsylvania advertising approval needs the compliant answer for continuing education and renewal. What should the reviewer choose?

Correct Answer

A) Annual CE applies except in the PE-completion licensing year.

Pennsylvania CE applies annually to mortgage originators, branch managers, and qualifying individuals of mortgage brokers or lenders, and no CE is required in a licensing year in which that person completed the prelicensing education requirement.

Answer Options
A
Annual CE applies except in the PE-completion licensing year.
B
Use only the federal baseline and ignore the separate Pennsylvania state requirement.
C
Apply the rule only after the Pennsylvania regulator has already opened an examination.
D
Skip the Pennsylvania requirement because the company already follows general SAFE Act procedures.

Why This Is the Correct Answer

Pennsylvania CE applies annually to mortgage originators, branch managers, and qualifying individuals of mortgage brokers or lenders, and no CE is required in a licensing year in which that person completed the prelicensing education requirement.

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