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A policy analyst is updating Ohio procedures for state-law refresher and flags licensing and NMLS authority. Which answer is accurate?

Correct Answer

B) Ohio operations-manager approval generally requires at least 3 years or 36 months of qualifying mortgage and lending experience gained lawfully within the preceding 6 years.

Ohio operations-manager approval generally requires at least 3 years or 36 months of qualifying mortgage and lending experience gained lawfully within the preceding 6 years.

Answer Options
A
Treat licensing and NMLS authority as satisfied by borrower consent alone.
B
Ohio operations-manager approval generally requires at least 3 years or 36 months of qualifying mortgage and lending experience gained lawfully within the preceding 6 years.
C
Delay the Ohio requirement until after the loan closes or the renewal period ends.
D
Treat consumer consent as a cure for a prohibited or missing compliance step.

Why This Is the Correct Answer

Ohio operations-manager approval generally requires at least 3 years or 36 months of qualifying mortgage and lending experience gained lawfully within the preceding 6 years.

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