What criminal history disqualification applies to an MLO license applicant in California under the SAFE Act?
Correct Answer
B) Any felony conviction within the past 7 years, or any financial crime at any time
Under the SAFE Act, an applicant is disqualified if they have been convicted of a felony within the preceding 7 years, or if they have EVER been convicted of a felony involving fraud, dishonesty, breach of trust, or money laundering, regardless of when the conviction occurred.
Why This Is the Correct Answer
Under the SAFE Act, an applicant is disqualified if they have been convicted of a felony within the preceding 7 years, or if they have EVER been convicted of a felony involving fraud, dishonesty, breach of trust, or money laundering, regardless of when the conviction occurred.
More UST Questions
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