A lender preparing a Florida annual compliance meeting asks a compliance manager about sponsorship and employment status. Which response should be followed?
Correct Answer
A) Florida recognizes exemptions for specified depository institutions, government entities, registered loan originators, and other categories, but exemptions are specific and do not permit otherwise unlicensed public origination activity.
Florida recognizes exemptions for specified depository institutions, government entities, registered loan originators, and other categories, but exemptions are specific and do not permit otherwise unlicensed public origination activity.
Why This Is the Correct Answer
Florida recognizes exemptions for specified depository institutions, government entities, registered loan originators, and other categories, but exemptions are specific and do not permit otherwise unlicensed public origination activity.
More UST Questions
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