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A Kentucky audit analyst is reviewing a record-retention audit tied to continuing education and renewal. Which rule should be applied?

Correct Answer

D) 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
Apply the Kentucky rule only to company licenses and never to individual MLO activity.
B
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record.
C
Use another jurisdiction's approval as a substitute for the Kentucky requirement.
D
Kentucky Department of Financial Institutions is the official state regulator source used for Kentucky mortgage loan originator or mortgage licensing questions in this batch.

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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