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Before approving the regulator exam preparation, an Ohio audit analyst checks continuing education and renewal. Which conclusion is best supported?

Correct Answer

A) Ohio requires a mortgage loan originator license application through NMLS, a $200 nonrefundable application fee, and any additional NMLS-required fee.

Ohio requires a mortgage loan originator license application through NMLS, a $200 nonrefundable application fee, and any additional NMLS-required fee.

Answer Options
A
Ohio requires a mortgage loan originator license application through NMLS, a $200 nonrefundable application fee, and any additional NMLS-required fee.
B
Delay the Ohio requirement until after the loan closes or the renewal period ends.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Treat the timing or filing requirement as optional if the transaction appears low risk.

Why This Is the Correct Answer

Ohio requires a mortgage loan originator license application through NMLS, a $200 nonrefundable application fee, and any additional NMLS-required fee.

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