Morgan notices a compliance issue tied to SAFE Act financial-responsibility requirements. What is the best next step?
Correct Answer
B) Check state requirements before renewing or sponsoring
State licensing frameworks may require net worth, surety bond coverage, or recovery-fund participation tied to origination volume. The best answer is "Check state requirements before renewing or sponsoring".
Why This Is the Correct Answer
State licensing frameworks may require net worth, surety bond coverage, or recovery-fund participation tied to origination volume. The best answer is "Check state requirements before renewing or sponsoring".
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