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During an Ohio branch onboarding review, a licensing coordinator must resolve a question about branch, office, and remote-work controls. Which statement should control?

Correct Answer

A) Ohio information-request procedures require acknowledgment within 5 business days, a 10-business-day response for owner or assignee identity requests, and generally a 30-business-day response for other information requests.

Ohio information-request procedures require acknowledgment within 5 business days, a 10-business-day response for owner or assignee identity requests, and generally a 30-business-day response for other information requests.

Answer Options
A
Ohio information-request procedures require acknowledgment within 5 business days, a 10-business-day response for owner or assignee identity requests, and generally a 30-business-day response for other information requests.
B
Assume the Ohio requirement does not apply to this new-license application.
C
Treat licensing and NMLS authority as satisfied by borrower consent alone.
D
Delay the Ohio requirement until after the loan closes or the renewal period ends.

Why This Is the Correct Answer

Ohio information-request procedures require acknowledgment within 5 business days, a 10-business-day response for owner or assignee identity requests, and generally a 30-business-day response for other information requests.

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