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A loan production team asks compliance about Ohio sponsorship and employment status. Which answer is the best guidance?

Correct Answer

D) Ohio DFI states current licensing information for individual MLOs and residential mortgage companies is available through NMLS Consumer Access rather than the Ohio eLicense roster.

Ohio DFI states current licensing information for individual MLOs and residential mortgage companies is available through NMLS Consumer Access rather than the Ohio eLicense roster.

Answer Options
A
Treat sponsorship and employment status as satisfied by borrower consent alone.
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
Ohio DFI states current licensing information for individual MLOs and residential mortgage companies is available through NMLS Consumer Access rather than the Ohio eLicense roster.

Why This Is the Correct Answer

Ohio DFI states current licensing information for individual MLOs and residential mortgage companies is available through NMLS Consumer Access rather than the Ohio eLicense roster.

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