Financing
Financing Practice Question
Under the SAFE Act, what is the minimum pre-licensing education required for mortgage loan originators?
A
8 hoursB
20 hoursC
40 hoursD
60 hoursExplanation
The SAFE Act requires at least 20 hours of pre-licensing education for mortgage loan originators, including 3 hours on federal law, 3 hours on ethics, 2 hours on non-traditional mortgage products, and specific hours on lending standards.
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