Ethics · 18% of the SAFE exameasy
Correct answer: 8 hours
The SAFE Act requires licensed MLOs to complete 8 hours of continuing education annually. These 8 hours must include: 3 hours of federal law and regulations, 2 hours of ethics (covering fraud, consumer protection, and fair lending), 2 hours of non-traditional mortgage lending, and 1 hour of undefined elective instruction. The other options (20, 12, 16 hours) represent pre-licensure education requirements or incorrect figures that students commonly confuse with CE requirements.
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