The most common academic titles are:

Bachelors - Masters - Licentiat - Doctor

A Lic. is not use din the US, but very common in Europe https://en.wikipedia.org/wiki/Licentiate_(degree)

And is basically what you can take out after half a Ph.D. program. In many technical schools in Sweden you are expected to do Lic. on the way to Ph.D. or if you burn out you at least have a Lic.

I think GP is asking about the M&B, not the MA.

Licentiates certainly aren't commonly used in the States, but there are several programs that offer ecclesial licentiates like Licentiate of Sacred Theology or Licentiate of Canon Law, which are each required for work in certain areas even in the States.

In 30 years of academia in Canada -- I've never heard of this requirement....

where do I signup

Beaches...bikinis...martinis.