Examples of PE in a sentence
Title V of Public Law 110-289, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the “SAFE Act”), requires that state-licensed mortgage loan originators (“MLOs”) complete PE prior to initial licensure and annual CE thereafter.
In order to meet PE requirements contemplated under the SAFE Act, state-licensed MLOs must complete 20 hours of NMLS–approved education.
The IRC also found that XXXX helped MLOs cheat on online PE and/or CE courses by taking those courses on behalf of those MLOs (the “Online Education Scheme”).
The IRC also found that XXXX helped MLOs cheat on online PE and/or CE courses by taking those courses on behalf of those MLOs. In each of the schemes orchestrated by XXXX, the MLOs accepted credit for SAFE-Act-required education courses that they had either not taken or completed on their own behalf in violation of the ROC, and state and federal law (collectively, the “MLO Education Schemes”).
A PE may transact with the ISO on its own behalf or as an agent for others.