Final answer:
The waiting period for a person seeking to be licensed as an MLO after a prior felony pardon varies by state. It is important for individuals to research the specific requirements of the state they are interested in.
Step-by-step explanation:
The waiting period for a person seeking to be licensed as an MLO (Mortgage Loan Originator) after having a prior felony pardoned varies depending on the state. Each state has its own laws and regulations governing MLO licensing, including any waiting period requirements.
For example, in some states, there may be no waiting period at all for individuals with prior felony pardons, while in other states, a waiting period of several years could be imposed. It is essential for individuals in this situation to research and familiarize themselves with the particular requirements of the state they wish to be licensed in.
It is important to note that even if a person's felony has been pardoned, it does not necessarily guarantee that they will be eligible for MLO licensing in all states. Each state has its own criteria for determining eligibility, and a felony conviction, even if pardoned, may still impact the licensing process.