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A supervisor wants to avoid a Idaho licensing error related to advertising and consumer-protection controls. Which statement is safest to rely on?

Correct Answer

A) Idaho fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.

Idaho fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.

Answer Options
A
Idaho fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Assume another state's approval automatically satisfies the Idaho requirement.
D
Apply the Idaho rule only to company licenses and never to individual MLO activity.

Why This Is the Correct Answer

Idaho fees, charges, lock-ins, broker compensation, or borrower funds must be handled according to state mortgage law or regulator guidance.

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