What is the waiting period for a person who has failed the national portion of the NMLS examination three times?

The waiting period for a candidate who has failed the national portion of the NMLS examination three times is indeed 180 days. This policy is designed to ensure that test-takers have ample time to review and study the material before attempting to take the examination again. This extended waiting period serves as a safeguard against repeated unsuccessful attempts without adequate preparation, promoting a better overall understanding of the material and increasing the chances of success upon retaking the test.

In the context of the other options, a prohibition from retaking the test or waiting for a shorter period of 30 days or one year does not align with the established guidelines set by the NMLS. Therefore, the 180-day waiting period accurately reflects the requirements outlined for individuals who have failed the examination multiple times.