A North Carolina branch supervisor is reviewing a loan-originator transfer tied to continuing education and renewal. Which rule should be applied?
Correct Answer
C) NC MLO licenses expire December 31, renewal may be requested after November 1, renewal requires fees and CE, late renewal has a $100 late fee, and March 1 triggers a new-application cutoff.
NC MLO licenses expire December 31, renewal may be requested after November 1, renewal requires fees and CE, late renewal has a $100 late fee, and March 1 triggers a new-application cutoff. North Carolina MLO licenses expire December 31, renewal may be requested after November 1, renewal requires fees and CE, and late renewal has a $100 late fee with a March 1 new-application cutoff.
Why This Is the Correct Answer
NC MLO licenses expire December 31, renewal may be requested after November 1, renewal requires fees and CE, late renewal has a $100 late fee, and March 1 triggers a new-application cutoff. North Carolina MLO licenses expire December 31, renewal may be requested after November 1, renewal requires fees and CE, and late renewal has a $100 late fee with a March 1 new-application cutoff.
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