This rule amendment in Section R162-2c-201 will: 1) eliminate the requirement that a mortgage loan originator pass a test with Utah-specific questions and instead will provide that passing a national test with uniform state content is sufficient for application for licensure; 2) clarify the timing and reorder the procedures for applying for a lending manager license; 3) clarify the experience required for an applicant for licensure as a lending manager and notify an applicant that failure to adequately document experience will result in the denial of an application for licensure; 4) allow a lending manager applicant who passes one test portion of the exam but fails the other 90 days to pass failed portion; and 5) establish that a lending manager applicant has 90 days from achieving a passing score on both portions of the licensing exam and 12 months from completion of pre-licensing education to submit an application for licensure. The amendments in Section R162-2c-204 require all mortgage loan originators newly licensed in Utah to complete a division-approved continuing education course prior to renewing their license at the end of the first full calendar year of licensure.