An operations lead compares company policy with Ohio requirements during a company policy update. Which statement fits advertising and consumer-protection controls?
Correct Answer
C) Ohio standards of care under ORC 1322.45 cannot be waived or modified, and injured buyers may recover damages plus attorney fees, costs, and possible punitive damages.
Ohio standards of care under ORC 1322.45 cannot be waived or modified, and injured buyers may recover damages plus attorney fees, costs, and possible punitive damages.
Why This Is the Correct Answer
Ohio standards of care under ORC 1322.45 cannot be waived or modified, and injured buyers may recover damages plus attorney fees, costs, and possible punitive damages.
Why the Other Options Are Wrong
Option A: Apply the rule only after the Ohio regulator has already opened an examination.
Apply the rule only after the Ohio regulator has already opened an examination. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option B: Skip the Ohio requirement because the company already follows general SAFE Act procedures.
Skip the Ohio requirement because the company already follows general SAFE Act procedures. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option D: Treat advertising and consumer-protection controls as optional because the company has a general Ohio compliance policy.
Treat advertising and consumer-protection controls as optional because the company has a general Ohio compliance policy. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
OH -> oh-advertising-disclosures-referrals-prohibited-practices
Exam Tip
Ohio conduct questions test false applications, misrepresentations, 30-day adverse-event reports, affiliated-business and appraisal referral limits, buyer duties, nonwaivable standards, advertising, unlicensed origination, compensation splitting, and improper refinance practices.
Common Mistakes to Avoid
- -Using generic federal mortgage facts when Ohio RMLA, Ohio Administrative Code, DFI, or NMLS state-specific rules are being tested
- -Confusing Ohio individual MLO licensing or escrow status with company registration and operations-manager requirements
- -Treating Ohio bond, record, advertising, referral, remote-work, servicing, or enforcement requirements as optional
More UST Questions
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Which fact most directly supports disciplinary action against an MLO rather than merely a request for additional application information?
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