Which reason is NOT associated with losing a mortgage loan originator’s Utah license?

The correct answer highlights that being accused of a felony is not, in itself, a reason for losing a mortgage loan originator's license in Utah. While a felony conviction can indeed lead to the loss of a license, an accusation alone does not carry the same weight. The regulatory framework governing mortgage loan originators requires actual convictions tied to specific behaviors or actions that demonstrate a lack of fitness for the role, rather than mere allegations which may not be substantiated.

In contrast, failing to maintain continuing education is a clear requirement for maintaining licensure. Mortgage loan originators must complete mandated education courses to stay updated on industry practices and regulations. Similarly, employing unethical lending practices is a violation of the standards expected from loan originators which could result in disciplinary actions or loss of license. Not renewing a license in a timely manner is also a concrete reason for losing licensure, as licensing authorities set clear guidelines and timeframes for renewals that must be adhered to in order to legally operate.