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A loan file reviewer compares company policy with Florida requirements during a consumer complaint response. Which statement fits branch, office, and remote-work controls?

Correct Answer

D) Florida mortgage broker businesses must maintain required books, accounts, records, documents, and transaction files for inspection and examination by OFR.

Florida mortgage broker businesses must maintain required books, accounts, records, documents, and transaction files for inspection and examination by OFR.

Answer Options
A
Apply the Florida rule only to company licenses and never to individual MLO activity.
B
Handle branch, office, and remote-work controls with an informal note rather than the required license, disclosure, filing, or record.
C
Use another jurisdiction's approval as a substitute for the Florida requirement.
D
Florida mortgage broker businesses must maintain required books, accounts, records, documents, and transaction files for inspection and examination by OFR.

Why This Is the Correct Answer

Florida mortgage broker businesses must maintain required books, accounts, records, documents, and transaction files for inspection and examination by OFR.

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