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a Georgia compliance file raises a continuing education and renewal question involving Rule 80-11-5 requires an MLO applicant to have a sponsor while the application is pending or being renewed;. Which statement is supported by the state rule?

Correct Answer

B) Georgia MLO activity must satisfy the required sponsorship or employment-status condition before activity continues.

Georgia Rule 80-11-5 requires an MLO applicant to have a sponsor while the application is pending or being renewed; lack of sponsorship can cause administrative withdrawal or denial.

Answer Options
A
Rely on prior mortgage experience instead of the stated state or NMLS requirement.
B
Georgia MLO activity must satisfy the required sponsorship or employment-status condition before activity continues.
C
Treat the file as complete without the required licensing documentation.
D
Delay the correction until after approval, closing, or a later complaint.

Why This Is the Correct Answer

Georgia Rule 80-11-5 requires an MLO applicant to have a sponsor while the application is pending or being renewed; lack of sponsorship can cause administrative withdrawal or denial.

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