Sec2-Page22

A mortgage loan originator candidate scores 75% on the licensing test. What is the result under the minimum competence standard?

An applicant fails the mortgage loan originator test on the first attempt. When may the applicant take the test again?

A mortgage loan originator applicant has failed the licensing test three consecutive times. When may the applicant take the test again?

An MLO fails to maintain a valid license for 5 years or longer. What must the individual do before becoming licensed again?

Which requirement must a mortgage loan originator continue to meet when renewing a license?

A mortgage loan originator wants to renew a license but has not completed the required education. Which renewal standard has not been satisfied?

An MLO meets the licensing standards and completes continuing education but forgets to submit payment. Which renewal requirement remains unsatisfied?