Avery is reviewing a mortgage file involving federal registration and state licensing. Which response best follows the governing rule?
Correct Answer
A) Obtain the required license or registration before MLO activity
MLOs must be properly licensed or registered before taking applications or offering/negotiating terms. The best answer is "Obtain the required license or registration before MLO activity".
Why This Is the Correct Answer
MLOs must be properly licensed or registered before taking applications or offering/negotiating terms. The best answer is "Obtain the required license or registration before MLO activity".
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