During an Arizona NMLS filing review, an operations lead must resolve a question about financial responsibility. Which statement should control?
Correct Answer
C) The Arizona mortgage recovery fund benefits aggrieved persons and pays only actual and direct out-of-pocket loss from a mortgage transaction, including reasonable attorney fees and court costs.
The Arizona mortgage recovery fund benefits aggrieved persons and pays only actual and direct out-of-pocket loss from a mortgage transaction, including reasonable attorney fees and court costs. The Arizona mortgage recovery fund benefits aggrieved persons and pays only actual and direct out-of-pocket loss arising out of a mortgage transaction, including reasonable attorney fees and court costs.
Why This Is the Correct Answer
The Arizona mortgage recovery fund benefits aggrieved persons and pays only actual and direct out-of-pocket loss from a mortgage transaction, including reasonable attorney fees and court costs. The Arizona mortgage recovery fund benefits aggrieved persons and pays only actual and direct out-of-pocket loss arising out of a mortgage transaction, including reasonable attorney fees and court costs.
More UST Questions
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