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In an Alabama mortgage file, the loan file reviewer is asked to document continuing education and renewal before continuing. Which rule controls?

Correct Answer

C) Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

Answer Options
A
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
B
Continue the activity and document the issue only if a complaint is later filed.
C
Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.
D
Let the MLO originate while waiting for the Alabama status, sponsorship, or renewal issue to be corrected.

Why This Is the Correct Answer

Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

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