EstatePass
USTmedium11% of exam

A Florida branch supervisor is reviewing an advertising approval tied to continuing education and renewal. Which rule should be applied?

Correct Answer

A) Florida mortgage licenses and registrations renew annually through the required NMLS/OFR renewal workflow, and mortgage activity must stop if the needed license authority is not active.

Florida mortgage licenses and registrations renew annually through the required NMLS/OFR renewal workflow, and mortgage activity must stop if the needed license authority is not active.

Answer Options
A
Florida mortgage licenses and registrations renew annually through the required NMLS/OFR renewal workflow, and mortgage activity must stop if the needed license authority is not active.
B
Apply the rule only after the Florida regulator has already opened an examination.
C
Skip the Florida requirement because the company already follows general SAFE Act procedures.
D
Treat continuing education and renewal as optional because the company has a general Florida compliance policy.

Why This Is the Correct Answer

Florida mortgage licenses and registrations renew annually through the required NMLS/OFR renewal workflow, and mortgage activity must stop if the needed license authority is not active.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing