On what date does a mortgage loan originator's license expire annually?

On what date does a mortgage loan originator's license expire annually?

• A. November 30
• B. December 31
• C. January 1
• D. October 31

Answer: (B)

The correct choice regarding the expiration date of a mortgage loan originator's license is December 31. Each year, mortgage loan originator licenses are set to expire on this date, which is consistent with regulatory standards to ensure that all licenses are periodically reviewed and renewed as part of maintaining compliance with state and federal regulations. Therefore, it's essential for mortgage loan originators to be aware of this date to manage their renewal processes effectively. This timing allows for sufficient preparation to submit necessary documentation and any continuing education requirements before the end of the year, ensuring they can continue to operate legally without interruption.

The correct choice regarding the expiration date of a mortgage loan originator's license is December 31. Each year, mortgage loan originator licenses are set to expire on this date, which is consistent with regulatory standards to ensure that all licenses are periodically reviewed and renewed as part of maintaining compliance with state and federal regulations. Therefore, it's essential for mortgage loan originators to be aware of this date to manage their renewal processes effectively. This timing allows for sufficient preparation to submit necessary documentation and any continuing education requirements before the end of the year, ensuring they can continue to operate legally without interruption.