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A staff member asks whether a Kentucky procedure for continuing education and renewal is compliant. Which answer is correct?

Correct Answer

A) Kentucky KRS 286.8-255 requires registration with the Department for mortgage loan originator activity and covers renewals, CE, background checks, and minimum standards.

Kentucky KRS 286.8-255 requires registration with the Department for mortgage loan originator activity and covers renewals, CE, background checks, and minimum standards.

Answer Options
A
Kentucky KRS 286.8-255 requires registration with the Department for mortgage loan originator activity and covers renewals, CE, background checks, and minimum standards.
B
Use an informal manager exception without updating the license, file, or required record.
C
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
D
Use a advertising approval exception instead of satisfying the rule before activity continues.

Why This Is the Correct Answer

Kentucky KRS 286.8-255 requires registration with the Department for mortgage loan originator activity and covers renewals, CE, background checks, and minimum standards.

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