A loan file reviewer handling a Colorado disciplinary-risk review needs the compliant answer for continuing education and renewal. What should the reviewer choose?
Correct Answer
A) A Colorado active MLO license allows residential mortgage loan origination activity, while an inactive MLO license does not permit origination activity even though renewal and continuing-education duties remain.
A Colorado active MLO license allows residential mortgage loan origination activity, while an inactive MLO license does not permit origination activity even though renewal and continuing-education duties remain.
Why This Is the Correct Answer
A Colorado active MLO license allows residential mortgage loan origination activity, while an inactive MLO license does not permit origination activity even though renewal and continuing-education duties remain.
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