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Question 1 of 7
1. Question
A mortgage loan originator candidate scores 75% on the licensing test. What is the result under the minimum competence standard?
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Question 2 of 7
2. Question
An applicant fails the mortgage loan originator test on the first attempt. When may the applicant take the test again?
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Question 3 of 7
3. Question
A mortgage loan originator applicant has failed the licensing test three consecutive times. When may the applicant take the test again?
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Question 4 of 7
4. Question
An MLO fails to maintain a valid license for 5 years or longer. What must the individual do before becoming licensed again?
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Question 5 of 7
5. Question
Which requirement must a mortgage loan originator continue to meet when renewing a license?
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Question 6 of 7
6. Question
A mortgage loan originator wants to renew a license but has not completed the required education. Which renewal standard has not been satisfied?
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Question 7 of 7
7. Question
An MLO meets the licensing standards and completes continuing education but forgets to submit payment. Which renewal requirement remains unsatisfied?
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