Uniform State Content (SAFE Act)Question 381 of 400
An MLO who lets a license lapse and then reinstates it late must generally satisfy which continuing-education condition?
a.Complete any continuing education that was not satisfied for the year(s) the license was not renewed, in addition to the current year's CE
b.Skip all continuing education because the license was inactive
c.Only pay a reinstatement fee with no education required
d.Retake the full 20-hour pre-licensing course every time
Explanation
An MLO reinstating a lapsed license must make up any continuing education that was required but not completed for the period the license was not renewed, along with meeting current requirements. Reinstatement is time-limited; if too much time passes, the individual may have to reapply as a new licensee.
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