EstatePass
USThard11% of exam

A compliance manager is updating Ohio procedures for consumer complaint response and flags continuing education and renewal. Which answer is accurate?

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
Treat the timing or filing requirement as optional if the transaction appears low risk.
C
Assume the Ohio requirement does not apply to this new-license application.
D
Treat continuing education and renewal as satisfied by borrower consent alone.

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.

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