EstatePass
USTeasy11% of exam

A state compliance officer handling an Ohio company policy update needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

D) Ohio operations managers must receive sufficient authority to ensure daily operations comply with applicable state and federal mortgage laws, rules, and regulations.

Ohio operations managers must receive sufficient authority to ensure daily operations comply with applicable state and federal mortgage laws, rules, and regulations.

Answer Options
A
Assume the Ohio requirement does not apply to this state-law refresher.
B
Treat licensing and NMLS authority as satisfied by borrower consent alone.
C
Delay the Ohio requirement until after the loan closes or the renewal period ends.
D
Ohio operations managers must receive sufficient authority to ensure daily operations comply with applicable state and federal mortgage laws, rules, and regulations.

Why This Is the Correct Answer

Ohio operations managers must receive sufficient authority to ensure daily operations comply with applicable state and federal mortgage laws, rules, and regulations.

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