EstatePass
USTeasy11% of exam

A compliance manager is updating the Georgia MLO checklist for continuing education and renewal. Which statement belongs in the checklist?

Correct Answer

B) Georgia MLO renewal applications received after December 1 are subject to a $100 late fee, and Georgia DBF says MLOs are prohibited from applying to renew if CE has not been completed.

Georgia MLO renewal applications received after December 1 are subject to a $100 late fee, and Georgia DBF says MLOs are prohibited from applying to renew if CE has not been completed.

Answer Options
A
Treat the requirement as waived because the borrower or employer agrees.
B
Georgia MLO renewal applications received after December 1 are subject to a $100 late fee, and Georgia DBF says MLOs are prohibited from applying to renew if CE has not been completed.
C
Assume another state's approval automatically satisfies the Georgia requirement.
D
Apply the Georgia rule only to company licenses and never to individual MLO activity.

Why This Is the Correct Answer

Georgia MLO renewal applications received after December 1 are subject to a $100 late fee, and Georgia DBF says MLOs are prohibited from applying to renew if CE has not been completed.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing