Which of the following is NOT a requirement for MLO licensing?

The choice regarding a minimum credit score requirement of 580 is not a requirement for obtaining a Mortgage Loan Originator (MLO) license. Licensing regulations primarily focus on ethical and legal standards rather than setting specific credit score thresholds. While MLOs need to demonstrate financial responsibility, the licensing process does not include a mandated minimum credit score. This is significant because it highlights the emphasis on integrity and professional conduct over financial status alone.

In contrast, the other options outlined are indeed requirements for MLO licensing. Having no felony convictions involving fraud ensures that individuals in positions of financial trust do not have a history that would undermine the industry’s integrity. Additionally, the stipulation regarding felony convictions within the last seven years emphasizes the importance of recent conduct in assessing a candidate's suitability for licensure. Lastly, passing a national exam that incorporates ethics questions is essential for ensuring that MLOs understand the ethical standards and responsibilities inherent in their roles. All these combined criteria are designed to uphold the professionalism and trustworthiness of the mortgage industry.