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A renewal specialist is updating Georgia procedures for renewal checklist and flags licensing and NMLS authority. Which answer is accurate?

Correct Answer

C) The Georgia Residential Mortgage Act is O.C.G.A. Sections 7-1-1000 through 7-1-1021, and Georgia DBF licenses mortgage brokers and mortgage lenders under the GRMA.

The Georgia Residential Mortgage Act is O.C.G.A. Sections 7-1-1000 through 7-1-1021, and Georgia DBF licenses mortgage brokers and mortgage lenders under the GRMA.

Answer Options
A
Continue the activity and document the issue only if a complaint is later filed.
B
Let the MLO originate while waiting for the Georgia status, sponsorship, or renewal issue to be corrected.
C
The Georgia Residential Mortgage Act is O.C.G.A. Sections 7-1-1000 through 7-1-1021, and Georgia DBF licenses mortgage brokers and mortgage lenders under the GRMA.
D
Let production staff decide whether continuing education and renewal matters for the file.

Why This Is the Correct Answer

The Georgia Residential Mortgage Act is O.C.G.A. Sections 7-1-1000 through 7-1-1021, and Georgia DBF licenses mortgage brokers and mortgage lenders under the GRMA.

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