EstatePass
USTeasy11% of exam

an Indiana compliance file raises a scope, definitions, and exemptions question involving Article 9 applies to a person that engages as a mortgage loan originator in a mortgage transaction in. Which statement is supported by the state rule?

Correct Answer

C) Indiana Article 9 applies to a person that engages as a mortgage loan originator in a mortgage transaction in Indiana.

Indiana Article 9 applies to a person that engages as a mortgage loan originator in a mortgage transaction in Indiana.

Answer Options
A
Allow the activity whenever the individual has general mortgage experience.
B
Treat company licensing alone as enough for every individual MLO activity.
C
Indiana Article 9 applies to a person that engages as a mortgage loan originator in a mortgage transaction in Indiana.
D
Ignore the state condition if the consumer file is otherwise complete.

Why This Is the Correct Answer

Indiana Article 9 applies to a person that engages as a mortgage loan originator in a mortgage transaction in Indiana.

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