If an MLO applicant's fingerprint-based background check reveals a sealed or expunged criminal record, how should this be handled?
Correct Answer
B) The applicant must disclose the sealed record on their application
Under the SAFE Act, applicants must disclose all criminal history, including sealed or expunged records, as the FBI background check will reveal these records and failure to disclose could result in denial for lack of honesty.
Why This Is the Correct Answer
Under the SAFE Act, applicants must disclose all criminal history, including sealed or expunged records, as the FBI background check will reveal these records and failure to disclose could result in denial for lack of honesty.
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