Question: For first - time individuals applying for an MLO state license, there are several requirements mandated by the SAFE Act. All of the following are

For first

-

time individuals applying for an MLO state license, there are several requirements mandated by the SAFE Act. All of the following are NMLS requirements, EXCEPT:

Submit a CBC

Complete eight hours of approved education courses

Provide authorization to obtain an independent credit report

Be covered by either a net worth or surety bond or pay into a state fund

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