Section R162-2c-501a - Optional Experience Equivalency Calculation(1) Thirty months of full-time experience in the following activities shall be considered equivalent to one year of experience as a first-lien residential mortgage loan originator: (b) mortgage loan manager;(d) certified mortgage prelicensing instructor;(e) second-lien residential loan originator; and(f) a licensed mortgage loan originator working as a junior loan officer or assistant loan officer.(2) An applicant who wishes to receive experience credit under this Subsection R162-2c-501a, but who cannot demonstrate experience equivalent to a full year of first-lien residential mortgage loan origination shall: (a) be awarded experience credit as deemed appropriate by the division; and(b) complete the experience requirement through additional experience as a first-lien residential mortgage loan originator, as determined by the division.Utah Admin. Code R162-2c-501a
Amended by Utah State Bulletin Number 2018-15, effective 7/13/2018