Which statement about continuing education ethics requirements is correct?
Correct Answer
B) Exactly 2 hours of ethics training is required annually
The SAFE Act requires exactly 2 hours of ethics training as part of the 8-hour annual continuing education requirement. This training can be completed online and does not require a specific delivery method.
Why This Is the Correct Answer
The SAFE Act requires exactly 2 hours of ethics training as part of the 8-hour annual continuing education requirement. This training can be completed online and does not require a specific delivery method.
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If a state regulatory authority finds violations during an examination, what factors typically influence the severity of enforcement action?
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Previous Question
A mortgage loan originator completes 15 hours of general mortgage education, 3 hours of federal law, 2 hours of ethics, and 2 hours of nontraditional mortgage products. Does this meet the SAFE Act pre-licensure education requirements?
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An MLO working for a credit union that is federally insured but state-chartered must: