Question

The SAFE Act sets forth that states must establish minimum standards for licensing and registration for state-licensed MLOs. Which statement does not reflect a pre-licensing education or testing standard that must be established as part of MLO state license law?

a. Completion of 20 hours of pre-licensing education
b. Passing the NMLS National Test Component
c. Passing the NMLS State Test Component
d. Taking a physical fitness test

Answer 1

Taking a physical fitness test is not required as part of MLO state license law, unlike pre-licensing education and testing standards.

Step-by-step explanation:

The statement that does not reflect a pre-licensing education or testing standard that must be established as part of MLO state license law is option d. Taking a physical fitness test.

The other options, a, b, and c, all reflect pre-licensing education or testing standards that must be completed by state-licensed MLOs.

For example, option a states that completion of 20 hours of pre-licensing education is required. Option b states that passing the NMLS National Test Component is required. Option c states that passing the NMLS State Test Component is required. These options align with the pre-licensing education and testing requirements set forth by the SAFE Act.