During quality control, Elliot finds a file issue involving federal registration and state licensing. Which action is most appropriate?
Correct Answer
C) Use state licensure for nondepository MLO activity
MLOs must be properly licensed or registered before taking applications or offering/negotiating terms. The best answer is "Use state licensure for nondepository 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 "Use state licensure for nondepository MLO activity".
More UST Questions
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