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A lender preparing a Kentucky training scenario asks a quality-control reviewer about continuing education and renewal. Which response should be followed?

Correct Answer

B) Kentucky DFI licenses mortgage bankers, servicers, and brokers to make, purchase, buy, sell, service, and broker Kentucky residential mortgages.

Kentucky DFI licenses mortgage bankers, servicers, and brokers to make, purchase, buy, sell, service, and broker Kentucky residential mortgages.

Answer Options
A
Postpone the Kentucky continuing education and renewal issue until the next annual review.
B
Kentucky DFI licenses mortgage bankers, servicers, and brokers to make, purchase, buy, sell, service, and broker Kentucky residential mortgages.
C
Use only the federal baseline and ignore the separate Kentucky state requirement.
D
Apply the rule only after the Kentucky regulator has already opened an examination.

Why This Is the Correct Answer

Kentucky DFI licenses mortgage bankers, servicers, and brokers to make, purchase, buy, sell, service, and broker Kentucky residential mortgages.

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