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During a Connecticut supervisory file review, a branch supervisor must resolve a question about sponsorship and employment status. Which statement should control?

Correct Answer

D) Connecticut MLO authority must be evaluated with the correct sponsor, company, branch, employer, or exempt-entity relationship.

Connecticut MLO authority must be evaluated with the correct sponsor, company, branch, employer, or exempt-entity relationship.

Answer Options
A
Use a mortgage operations checklist exception instead of satisfying the rule before activity continues.
B
Close or renew first, then decide whether the mortgage operations checklist needs a compliance correction.
C
Proceed before the required Connecticut license, sponsorship, disclosure, record, or approval is in place.
D
Connecticut MLO authority must be evaluated with the correct sponsor, company, branch, employer, or exempt-entity relationship.

Why This Is the Correct Answer

Connecticut MLO authority must be evaluated with the correct sponsor, company, branch, employer, or exempt-entity relationship.

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