CRAM ARCADE Open App

After passing the NMLS licensing exam, how long does a new MLO have to obtain a valid license or active federal registration before being required to retake the exam?

Uniform State Test (UST) · 11% of the SAFE exammedium

Show the answer and explanation

Correct answer: 5 years from the date the exam was passed

Under the SAFE Act, an individual who does not obtain a valid license or active federal registration within five years of passing the MLO exam must retake the test. The same rule applies to licensed originators who fail to maintain a valid license for five consecutive years — they must retake the exam and achieve a passing score of at least 75 percent. Two years (A) and three years (B) are incorrect thresholds. "2 years from the date the exam was passed" is incorrect — the exam result does expire if the individual does not act on it within five years.

Drill 2,078 more questions like this, free

CRAM ARCADE has the full NMLS question bank, timed practice exams, focus drills on your weakest category, flashcards and spaced repetition. No credit card.

Start studying free