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A licensing analyst is validating a Missouri mortgage policy for SAFE testing. Which statement is best?

Correct Answer

B) Missouri RSMo 443.713 requires findings before MLO licensure, including no non-vacated MLO revocation, no disqualifying felony, financial responsibility, completed education, and passing the written test.

Missouri RSMo 443.713 requires findings before MLO licensure, including no non-vacated MLO revocation, no disqualifying felony, financial responsibility, completed education, and passing the written test.

Answer Options
A
Use another jurisdiction's approval as a substitute for the Missouri requirement.
B
Missouri RSMo 443.713 requires findings before MLO licensure, including no non-vacated MLO revocation, no disqualifying felony, financial responsibility, completed education, and passing the written test.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Assume another state's approval automatically satisfies the Missouri requirement.

Why This Is the Correct Answer

Missouri RSMo 443.713 requires findings before MLO licensure, including no non-vacated MLO revocation, no disqualifying felony, financial responsibility, completed education, and passing the written test.

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