For a Georgia mortgage operations checklist, a quality-control reviewer is training staff on continuing education and renewal. Which answer should be used?
Correct Answer
A) Georgia requires the stated MLO licensing or NMLS authority before covered origination activity.
Georgia DBF requires an MLO license for any individual who takes a residential mortgage loan application, offers or negotiates residential mortgage loan terms, or assists a consumer in obtaining or applying to obtain a residential mortgage loan unless an exemption applies.
Why This Is the Correct Answer
Georgia DBF requires an MLO license for any individual who takes a residential mortgage loan application, offers or negotiates residential mortgage loan terms, or assists a consumer in obtaining or applying to obtain a residential mortgage loan unless an exemption applies.
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