A licensing coordinator is updating Ohio procedures for annual compliance meeting and flags sponsorship and employment status. Which answer is accurate?
Correct Answer
A) Ohio RMLA business scope includes originating, brokering, or servicing 5 or more residential mortgage loans in any 12-month period for an Ohio resident, Ohio property, or from a physical location in Ohio.
Ohio RMLA business scope includes originating, brokering, or servicing 5 or more residential mortgage loans in any 12-month period for an Ohio resident, Ohio property, or from a physical location in Ohio.
Why This Is the Correct Answer
Ohio RMLA business scope includes originating, brokering, or servicing 5 or more residential mortgage loans in any 12-month period for an Ohio resident, Ohio property, or from a physical location in Ohio.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
A renewal specialist is updating Missouri procedures for supervisory file review and flags licensing and NMLS authority. Which answer is accurate?
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A licensing checklist in Missouri includes a question about scope, definitions, and exemptions. Which entry should the branch supervisor keep?
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