Under Ohio's RMLA, a licensed mortgage lender must file an annual report with the DFI. What information does this report typically include?
Correct Answer
A) Financial statements, loan activity data, and any material changes to the entity's operations
Ohio's RMLA requires licensed mortgage entities to file annual reports with the DFI that include financial statements, loan origination and activity data, information about material operational changes, and other information needed for regulatory oversight.
Why This Is the Correct Answer
Ohio's RMLA requires licensed mortgage entities to file annual reports with the DFI that include financial statements, loan origination and activity data, information about material operational changes, and other information needed for regulatory oversight.
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