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What is required by the SAFE Act for state-licensed MLOs?
What is required by the SAFE Act for state-licensed MLOs?
- Completion of pre-licensing (PE) courses only
- Completion of state-specific mortgage knowledge courses
- Completion of NMLS approved pre-licensing (PE) and continuing education (CE) courses (correct)
- Completion of continuing education (CE) courses only
When did NMLS establish course design, approval, and delivery standards?
When did NMLS establish course design, approval, and delivery standards?
- 2011
- 2009 (correct)
- 2010
- 2008
Who is required to complete education as a condition for state licensure?
Who is required to complete education as a condition for state licensure?
- Individuals with a college degree in finance
- Only individuals without prior mortgage knowledge
- Any individual seeking state licensure (correct)
- Only MLOs with prior experience
What type of courses must be NMLS approved according to the SAFE Act?
What type of courses must be NMLS approved according to the SAFE Act?
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Which act requires state-licensed MLOs to complete pre-licensing and continuing education courses?
Which act requires state-licensed MLOs to complete pre-licensing and continuing education courses?
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