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A Georgia file is paused during a branch onboarding review because of continuing education and renewal. Which statement clears the compliance question?

Correct Answer

A) Georgia mortgage licenses expire on December 31, renewal applications are made annually between November 1 and December 31, and applications not received by December 1 cannot be assured renewal before January 1.

Georgia mortgage licenses expire on December 31, renewal applications are made annually between November 1 and December 31, and applications not received by December 1 cannot be assured renewal before January 1.

Answer Options
A
Georgia mortgage licenses expire on December 31, renewal applications are made annually between November 1 and December 31, and applications not received by December 1 cannot be assured renewal before January 1.
B
Continue the activity and document the issue only if a complaint is later filed.
C
Let the MLO originate while waiting for the Georgia status, sponsorship, or renewal issue to be corrected.
D
Let production staff decide whether continuing education and renewal matters for the file.

Why This Is the Correct Answer

Georgia mortgage licenses expire on December 31, renewal applications are made annually between November 1 and December 31, and applications not received by December 1 cannot be assured renewal before January 1.

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