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A sponsorship reviewer handling a Georgia training scenario needs the compliant answer for sponsorship and employment status. What should the reviewer choose?

Correct Answer

C) A Georgia MLO employee is covered by the surety bond of the licensed or registered mortgage broker or lender employer and does not need a separate personal bond for MLO licensure.

A Georgia MLO employee is covered by the surety bond of the licensed or registered mortgage broker or lender employer and does not need a separate personal bond for MLO licensure.

Answer Options
A
Delay the Georgia requirement until after the loan closes or the renewal period ends.
B
Treat consumer consent as a cure for a prohibited or missing compliance step.
C
A Georgia MLO employee is covered by the surety bond of the licensed or registered mortgage broker or lender employer and does not need a separate personal bond for MLO licensure.
D
Treat the timing or filing requirement as optional if the transaction appears low risk.

Why This Is the Correct Answer

A Georgia MLO employee is covered by the surety bond of the licensed or registered mortgage broker or lender employer and does not need a separate personal bond for MLO licensure.

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