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A lender preparing a Kentucky mortgage operations checklist asks a policy analyst about continuing education and renewal. Which response should be followed?

Correct Answer

A) Kentucky mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

Kentucky mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

Answer Options
A
Kentucky mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.
B
Apply the rule only after the Kentucky regulator has already opened an examination.
C
Skip the Kentucky requirement because the company already follows general SAFE Act procedures.
D
Treat continuing education and renewal as optional because the company has a general Kentucky compliance policy.

Why This Is the Correct Answer

Kentucky mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

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