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Before approving the state-law refresher, a Georgia state compliance officer checks sponsorship and employment status. Which conclusion is best supported?

Correct Answer

D) Georgia DBF says loan modification activity requires an MLO license unless the person is specifically exempt from MLO licensing.

Georgia DBF says loan modification activity requires an MLO license unless the person is specifically exempt from MLO licensing.

Answer Options
A
Close or renew first, then decide whether the NMLS filing review needs a compliance correction.
B
Proceed before the required Georgia license, sponsorship, disclosure, record, or approval is in place.
C
Use an informal manager exception without updating the license, file, or required record.
D
Georgia DBF says loan modification activity requires an MLO license unless the person is specifically exempt from MLO licensing.

Why This Is the Correct Answer

Georgia DBF says loan modification activity requires an MLO license unless the person is specifically exempt from MLO licensing.

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