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A Kentucky sponsorship reviewer is reviewing a branch onboarding review tied to continuing education and renewal. Which rule should be applied?

Correct Answer

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

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

Answer Options
A
Use another jurisdiction's approval as a substitute for the Kentucky requirement.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Assume another state's approval automatically satisfies the Kentucky requirement.
D
Kentucky DFI directs new mortgage broker and company applicants to submit the application form and surety bond online via NMLS.

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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