A Georgia originator changes employers in 2026 and wants to discard the journal from the previous job. Does changing employers end the originator five-year journal retention duty?
Correct Answer
D) Hold it: an originator books and records are kept for 5 years
All books, records and accounts required by the originator rule must be maintained by the mortgage loan originator for a period of five years. Other choices: the duty is put on the originator rather than the employer; the period is five years rather than 3; and an employer copy does not discharge the originator obligation. Source: Ga. Comp. R. & Regs. 80-11-5-.02(3)
Why This Is the Correct Answer
All books, records and accounts required by the originator rule must be maintained by the mortgage loan originator for a period of five years. Other choices: the duty is put on the originator rather than the employer; the period is five years rather than 3; and an employer copy does not discharge the originator obligation. Source: Ga. Comp. R. & Regs. 80-11-5-.02(3)
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