A state regulator discovers that an MLO has been conducting business using expired pre-licensing education certificates. The MLO argues they completed the education but the certificates expired due to administrative delays. What examination finding is this?
Correct Answer
A) Operating without meeting licensing requirements
Regardless of the reason for expiration, operating with expired education certificates means the MLO does not currently meet licensing requirements. The regulator's examination would find this as operating without proper qualifications, regardless of the underlying cause.
Why This Is the Correct Answer
Regardless of the reason for expiration, operating with expired education certificates means the MLO does not currently meet licensing requirements. The regulator's examination would find this as operating without proper qualifications, regardless of the underlying cause.
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