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

Correct Answer

B) Idaho Department of Finance says residential mortgage loan servicing activities are covered under the Idaho Residential Mortgage Practices Act through an expanded definition of mortgage lending activities.

Idaho Department of Finance says residential mortgage loan servicing activities are covered under the Idaho Residential Mortgage Practices Act through an expanded definition of mortgage lending activities.

Answer Options
A
Let production staff decide whether continuing education and renewal matters for the file.
B
Idaho Department of Finance says residential mortgage loan servicing activities are covered under the Idaho Residential Mortgage Practices Act through an expanded definition of mortgage lending activities.
C
Skip documentation because the advertising approval appears routine.
D
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.

Why This Is the Correct Answer

Idaho Department of Finance says residential mortgage loan servicing activities are covered under the Idaho Residential Mortgage Practices Act through an expanded definition of mortgage lending activities.

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