The DFPI Commissioner may deny a CFL license application based on all of the following EXCEPT:
Correct Answer
C) Applicant's race or national origin
The DFPI cannot deny a license based on race or national origin, as this would violate federal and state anti-discrimination laws. Criminal history, prior revocations, and application fraud are all valid grounds for denial.
Why This Is the Correct Answer
The DFPI cannot deny a license based on race or national origin, as this would violate federal and state anti-discrimination laws. Criminal history, prior revocations, and application fraud are all valid grounds for denial.
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Under the Georgia Fair Lending Act, an assignee (purchaser) of a high-cost home loan is:
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Tom completed his Ohio MLO continuing education requirements in 2022, 2023, and 2024, totaling 30 hours. In 2025, he decides to take an additional 8-hour course on FHA lending. How do these additional hours affect his continuing education compliance?