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Before approving the training scenario, an Ohio sponsorship reviewer checks sponsorship and employment status. Which conclusion is best supported?

Correct Answer

B) 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
Handle sponsorship and employment status with an informal note rather than the required license, disclosure, filing, or record.
B
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.
C
Use another jurisdiction's approval as a substitute for the Ohio requirement.
D
Treat the requirement as waived because the borrower or employer agrees.

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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