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a Kentucky compliance file raises a continuing education and renewal question involving Department of Financial Institutions is the official state regulator source used for Kentucky mortgage loan originator or mortgage. Which statement is supported by the state rule?

Correct Answer

C) 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
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 Department of Financial Institutions is the official state regulator source used for Kentucky mortgage loan originator or mortgage licensing questions in this batch.
D
Delay the correction until after approval, closing, or a later complaint.

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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