During a DFI examination, an examiner requests access to a licensed mortgage broker's loan files. Can the broker refuse access?
Correct Answer
A) No, licensed entities must provide DFI examiners with full access to books, records, and accounts
Ohio's RMLA requires licensed mortgage entities to cooperate fully with DFI examinations, providing examiners with unrestricted access to all books, records, accounts, and loan files. Refusal to cooperate is itself a violation.
Why This Is the Correct Answer
Ohio's RMLA requires licensed mortgage entities to cooperate fully with DFI examinations, providing examiners with unrestricted access to all books, records, accounts, and loan files. Refusal to cooperate is itself a violation.
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