During a Massachusetts advertising approval, a quality-control reviewer must resolve a question about sponsorship and employment status. Which statement should control?
Correct Answer
C) For 1 year after termination of employment, a Massachusetts MLO may request license reassignment to another employing entity by submitting an application and reassignment fee to the Division.
For 1 year after termination of employment, a Massachusetts MLO may request license reassignment to another employing entity by submitting an application and reassignment fee to the Division.
Why This Is the Correct Answer
For 1 year after termination of employment, a Massachusetts MLO may request license reassignment to another employing entity by submitting an application and reassignment fee to the Division.
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A lender is preparing a California compliance audit focused on advertising and consumer-protection controls. Which statement should be treated as accurate?
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