Continuing Education Requirements Flashcards

Which best describes the difference between initial certification and continuing education?

Answer: Initial certification shows baseline competency; CE maintains and updates it

Certification establishes baseline knowledge, while CE keeps that knowledge current over time.

A professional teaches an approved CE course on fair lending. Under many programs, how is instructor time treated?

Answer: It may count for CE credit, often subject to a cap

Many programs award CE for teaching approved courses but limit how much of the requirement can be met this way.

What is the risk of continuing to use a professional designation after it has lapsed for missing CE?

Answer: It may be misrepresentation and can bring disciplinary or legal consequences

Holding yourself out with a lapsed credential misrepresents your status to consumers and employers.

Which CE course would most directly help a professional comply with adverse action notice requirements?

Answer: Fair Credit Reporting Act and ECOA adverse action training

Adverse action notices are governed by the FCRA and ECOA (Regulation B).

A certificant is reinstating a lapsed credential. What is typically required?

Answer: Completing the deficient CE hours and paying any reinstatement fee

Reinstatement generally requires curing the CE deficiency and paying applicable fees.

Which self-study format is commonly accepted for CE if it meets provider standards?

Answer: On-demand online course with a completion assessment

Online self-study courses with an assessment are a standard accepted CE format.

Who is ultimately responsible for tracking and meeting a certificant's CE requirements?

Answer: The individual certificant

Certification bodies place responsibility for meeting CE requirements on the individual credential holder.