Which of the following statements about continuing education for mortgage license renewal is incorrect?

The choice stating that NMLS-approved education completed in another state will not count towards the required hours is not accurate. In fact, education courses that are approved by the NMLS, regardless of the state in which they were taken, typically count towards the required continuing education hours for mortgage license renewal. This is beneficial for individuals who may have taken courses while residing in a different state or those who travel for education purposes, as it allows for flexibility in meeting renewal requirements.

In contrast, the other statements correctly reflect the requirements of continuing education for license renewal. For example, a student cannot repeat the same course during a licensing cycle to ensure that they are receiving varied and updated education. Additionally, only courses that are specifically approved by NMLS count towards the required hours, ensuring that the education is relevant and meets regulatory standards. Lastly, applicants must complete the necessary education within the year leading up to their license renewal to ensure that they are up-to-date with current practices and regulations in the mortgage industry.