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A policy analyst compares company policy with Kentucky requirements during an MLO sponsorship update. Which statement fits continuing education and renewal?

Correct Answer

D) Kentucky DFI Mortgage Examination Branch examines licensed mortgage loan companies and mortgage loan brokers.

Kentucky DFI Mortgage Examination Branch examines licensed mortgage loan companies and mortgage loan brokers.

Answer Options
A
Use an informal manager exception without updating the license, file, or required record.
B
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
C
Use a annual compliance meeting exception instead of satisfying the rule before activity continues.
D
Kentucky DFI Mortgage Examination Branch examines licensed mortgage loan companies and mortgage loan brokers.

Why This Is the Correct Answer

Kentucky DFI Mortgage Examination Branch examines licensed mortgage loan companies and mortgage loan brokers.

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