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A mortgage company is preparing for a Kentucky supervisory exam on SAFE testing. Which statement should it apply?

Correct Answer

B) Kentucky Department of Financial Institutions is the official state regulator source used for Kentucky mortgage loan originator or mortgage licensing questions in this batch.

Kentucky Department of Financial Institutions is the official state regulator source used for Kentucky mortgage loan originator or mortgage licensing questions in this batch.

Answer Options
A
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
B
Kentucky Department of Financial Institutions is the official state regulator source used for Kentucky mortgage loan originator or mortgage licensing questions in this batch.
C
Use a state-law refresher exception instead of satisfying the rule before activity continues.
D
Close or renew first, then decide whether the state-law refresher needs a compliance correction.

Why This Is the Correct Answer

Kentucky Department of Financial Institutions is the official state regulator source used for Kentucky mortgage loan originator or mortgage licensing questions in this batch.

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