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A sponsorship reviewer handling a Kentucky MLO sponsorship update needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

D) KRS Chapter 286.8 defines mortgage loan originator and other Kentucky mortgage company and broker terms.

KRS Chapter 286.8 defines mortgage loan originator and other Kentucky mortgage company and broker terms.

Answer Options
A
Treat sponsorship and employment status as optional because the company has a general Kentucky compliance policy.
B
Postpone the Kentucky sponsorship and employment status issue until the next annual review.
C
Use only the federal baseline and ignore the separate Kentucky state requirement.
D
KRS Chapter 286.8 defines mortgage loan originator and other Kentucky mortgage company and broker terms.

Why This Is the Correct Answer

KRS Chapter 286.8 defines mortgage loan originator and other Kentucky mortgage company and broker terms.

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