Pennsylvania has extended the deadline by which loan originators need to pass the national and state components of the pre-licensing mortgage examination through April 30, 2010. The deadline had previously been December 31, 2009.
Loan originators have 4 opportunities to pass each part of the test components (national and state). If you fail either of the tests , you must wait 30 days to re-take the exam. If you fail 4 times at both tests, you must wait 6 months to take the tests again. And Pennsylvania will suspend your license until you do pass both of the tests.
The deadline for taking the 20 hours of pre-licensing education has not changed and is still December 31, 2009.
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