Loan Officer Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success!

The correct answer is that a licensed Mortgage Loan Originator (MLO) can credit continuing education hours for an online ethics course once in the same calendar year in which the course is taken. This aligns with the regulations governing continuing education for MLOs, which stipulate that certain courses can be taken multiple times, but credit for the same course can only be claimed once a year.

This approach encourages ongoing education while preventing individuals from accumulating excessive credits from the same course, ensuring that the learning remains diverse and relevant to current industry standards and practices.

In contrast, the other options do not align with established rules regarding continuing education for MLOs. For instance, not recognizing ethics as a required topic is inaccurate since ethics is a critical part of the training and professional conduct for MLOs. Similarly, stating that credit is allowed once every year after taking the course would suggest that an MLO could claim credit indefinitely for the same course, which is inconsistent with the regulations designed to promote varied educational experiences.