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Question 1 of 8
1. Question
A licensed mortgage loan originator is preparing to renew a license. Which of the following is one of the minimum standards that must be satisfied for license renewal?
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Question 2 of 8
2. Question
A mortgage loan originator completes the required continuing education but fails to pay renewal fees before the deadline. What renewal requirement has not been satisfied?
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Question 3 of 8
3. Question
A mortgage loan originator fails to satisfy the minimum standards required for license renewal. What happens to the license?
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Question 4 of 8
4. Question
A newly licensed mortgage loan originator asks how many hours of continuing education must be completed each year to maintain a license. What is the minimum requirement?
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Question 5 of 8
5. Question
A mortgage loan originator is reviewing annual continuing education requirements. How many hours must be devoted to federal law and regulations?
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Question 6 of 8
6. Question
A continuing education provider is teaching a course on ethics. Which topic must be included as part of the ethics instruction requirement?
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Question 7 of 8
7. Question
A mortgage loan originator is completing the annual education requirement related to nontraditional mortgage products. How many hours of training are required?
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Question 8 of 8
8. Question
A company develops a continuing education course for mortgage loan originators and wants the course to qualify for SAFE Act credit. Who must approve the course?
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