EstatePass
USThard11% of exam

A compliance officer is coaching an MLO on Georgia continuing education and renewal. Which answer should the MLO follow?

Correct Answer

B) Georgia MLO renewal applications received after December 1 are subject to a $100 late fee, and Georgia DBF says MLOs are prohibited from applying to renew if CE has not been completed.

Georgia MLO renewal applications received after December 1 are subject to a $100 late fee, and Georgia DBF says MLOs are prohibited from applying to renew if CE has not been completed.

Answer Options
A
Use a consumer complaint response exception instead of satisfying the rule before activity continues.
B
Georgia MLO renewal applications received after December 1 are subject to a $100 late fee, and Georgia DBF says MLOs are prohibited from applying to renew if CE has not been completed.
C
Close or renew first, then decide whether the consumer complaint response needs a compliance correction.
D
Proceed before the required Georgia license, sponsorship, disclosure, record, or approval is in place.

Why This Is the Correct Answer

Georgia MLO renewal applications received after December 1 are subject to a $100 late fee, and Georgia DBF says MLOs are prohibited from applying to renew if CE has not been completed.

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