An NC MLO has passed testing but has no active sponsorship yet. What is the best conclusion under North Carolina MLO law or NCCOB guidance?
Correct Answer
C) An NC MLO can begin accepting applications after licensure and sponsorship by an NC licensed or registered company.
An NC MLO can begin accepting applications after licensure and sponsorship by an NC licensed or registered company. A licensed NC MLO may begin accepting applications after the license is granted and the individual is properly sponsored by an NC licensed or registered company.
Why This Is the Correct Answer
An NC MLO can begin accepting applications after licensure and sponsorship by an NC licensed or registered company. A licensed NC MLO may begin accepting applications after the license is granted and the individual is properly sponsored by an NC licensed or registered company.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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