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An MLO asks how Kentucky handles branch, office, and remote-work controls. Which answer should compliance give?

Correct Answer

D) Kentucky DFI Mortgage Examination Branch may identify, investigate, and prosecute companies and individuals who commit financial crimes and unethical behavior against Kentucky citizens.

Kentucky DFI Mortgage Examination Branch may identify, investigate, and prosecute companies and individuals who commit financial crimes and unethical behavior against Kentucky citizens.

Answer Options
A
Handle branch, office, and remote-work controls with an informal note rather than the required license, disclosure, filing, or record.
B
Use another jurisdiction's approval as a substitute for the Kentucky requirement.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Kentucky DFI Mortgage Examination Branch may identify, investigate, and prosecute companies and individuals who commit financial crimes and unethical behavior against Kentucky citizens.

Why This Is the Correct Answer

Kentucky DFI Mortgage Examination Branch may identify, investigate, and prosecute companies and individuals who commit financial crimes and unethical behavior against Kentucky citizens.

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