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a Kentucky compliance file raises an application and licensing qualifications question involving DFI directs new mortgage broker and company applicants to submit the application form and surety bond online via. Which statement is supported by the state rule?

Correct Answer

C) Kentucky surety-bond requirements must remain in effect as the state rule requires.

Kentucky DFI directs new mortgage broker and company applicants to submit the application form and surety bond online via NMLS.

Answer Options
A
Rely on prior mortgage experience instead of the stated state or NMLS requirement.
B
Treat the file as complete without the required licensing documentation.
C
Kentucky surety-bond requirements must remain in effect as the state rule requires.
D
Delay the correction until after approval, closing, or a later complaint.

Why This Is the Correct Answer

Kentucky DFI directs new mortgage broker and company applicants to submit the application form and surety bond online via NMLS.

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