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A supervisor wants to avoid a Georgia licensing error related to sponsorship and employment status. Which statement is safest to rely on?

Correct Answer

A) 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
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.
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 sponsorship and employment status matters for the file.

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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