A compliance manager documents an Ohio regulator exam preparation and needs one rule for sponsorship and employment status. Which statement belongs in the file?
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?
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