AZ HB2098

Extends the pre-licensure education window from two years to three years immediately preceding application for loan originator licenses.

Requires loan originators who have not maintained a valid license for five or more years (excluding time as a registered loan originator) to retake the loan originator examination.

Changes language regarding license application procedures from "make an application" to "apply" for both initial and renewal licenses.

Modifies the inactive status provision by removing the restriction limiting licensees to no more than two consecutive renewal periods of inactive status in any ten-year period.

Corrects a citation reference from U.S. Code sections 1501 through 5116 to sections 5101 through 5116 regarding the nationwide mortgage licensing system and registry.