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A mortgage company asks an operations lead to validate a Georgia company policy update involving continuing education and renewal. Which statement is reliable?

Correct Answer

A) Georgia DBF may investigate or examine any licensed mortgage broker or lender as often as necessary under O.C.G.A. 7-1-1009 and must conduct such investigations and examinations at least once every 60 months.

Georgia DBF may investigate or examine any licensed mortgage broker or lender as often as necessary under O.C.G.A. 7-1-1009 and must conduct such investigations and examinations at least once every 60 months.

Answer Options
A
Georgia DBF may investigate or examine any licensed mortgage broker or lender as often as necessary under O.C.G.A. 7-1-1009 and must conduct such investigations and examinations at least once every 60 months.
B
Close or renew first, then decide whether the record-retention audit needs a compliance correction.
C
Proceed before the required Georgia license, sponsorship, disclosure, record, or approval is in place.
D
Use an informal manager exception without updating the license, file, or required record.

Why This Is the Correct Answer

Georgia DBF may investigate or examine any licensed mortgage broker or lender as often as necessary under O.C.G.A. 7-1-1009 and must conduct such investigations and examinations at least once every 60 months.

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