EstatePass
USTeasy11% of exam

During a New York supervisory file review, a licensing coordinator must resolve a question about records, reports, and required notices. Which statement should control?

Correct Answer

A) New York Article 12-D grounds for discipline include violations of Article 12-D, rules, orders, dishonest practices, and conduct showing unfitness to conduct mortgage banking or brokerage.

New York Article 12-D grounds for discipline include violations of Article 12-D, rules, orders, dishonest practices, and conduct showing unfitness to conduct mortgage banking or brokerage.

Answer Options
A
New York Article 12-D grounds for discipline include violations of Article 12-D, rules, orders, dishonest practices, and conduct showing unfitness to conduct mortgage banking or brokerage.
B
Skip documentation because the MLO sponsorship update appears routine.
C
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
D
Continue the activity and document the issue only if a complaint is later filed.

Why This Is the Correct Answer

New York Article 12-D grounds for discipline include violations of Article 12-D, rules, orders, dishonest practices, and conduct showing unfitness to conduct mortgage banking or brokerage.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing