A practice question asks about processor and underwriter support duties. Which answer best matches the official North Carolina rule?
Correct Answer
D) Some processor or underwriter clerical and support duties are outside MLO activity if the person does not represent that they can perform MLO services.
Some processor or underwriter clerical and support duties are outside MLO activity if the person does not represent that they can perform MLO services. North Carolina excludes some loan processor/underwriter clerical or support duties from MLO activity when the person does not represent to the public that they can perform MLO services.
Why This Is the Correct Answer
Some processor or underwriter clerical and support duties are outside MLO activity if the person does not represent that they can perform MLO services. North Carolina excludes some loan processor/underwriter clerical or support duties from MLO activity when the person does not represent to the public that they can perform MLO services.
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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