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For an Ohio renewal checklist, a policy analyst is training staff on continuing education and renewal. Which answer should be used?

Correct Answer

D) Ohio MLO licenses expire annually on December 31, may be renewed on or before December 31 with a $200 renewal fee, and late renewal within 45 days requires a $150 penalty.

Ohio MLO licenses expire annually on December 31, may be renewed on or before December 31 with a $200 renewal fee, and late renewal within 45 days requires a $150 penalty.

Answer Options
A
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
B
Use a state-law refresher exception instead of satisfying the rule before activity continues.
C
Close or renew first, then decide whether the state-law refresher needs a compliance correction.
D
Ohio MLO licenses expire annually on December 31, may be renewed on or before December 31 with a $200 renewal fee, and late renewal within 45 days requires a $150 penalty.

Why This Is the Correct Answer

Ohio MLO licenses expire annually on December 31, may be renewed on or before December 31 with a $200 renewal fee, and late renewal within 45 days requires a $150 penalty.

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