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A sponsorship reviewer handling a Florida company policy update needs the compliant answer for continuing education and renewal. What should the reviewer choose?

Correct Answer

B) Florida loan originator licensing requires an application through NMLS, payment of required fees, fingerprints and criminal background checks, credit report authorization, education completion, testing, and regulator approval.

Florida loan originator licensing requires an application through NMLS, payment of required fees, fingerprints and criminal background checks, credit report authorization, education completion, testing, and regulator approval.

Answer Options
A
Apply the Florida rule only to company licenses and never to individual MLO activity.
B
Florida loan originator licensing requires an application through NMLS, payment of required fees, fingerprints and criminal background checks, credit report authorization, education completion, testing, and regulator approval.
C
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record.
D
Use another jurisdiction's approval as a substitute for the Florida requirement.

Why This Is the Correct Answer

Florida loan originator licensing requires an application through NMLS, payment of required fees, fingerprints and criminal background checks, credit report authorization, education completion, testing, and regulator approval.

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