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A lender preparing an Ohio MLO sponsorship update asks a state compliance officer about continuing education and renewal. Which response should be followed?

Correct Answer

C) Ohio requires a mortgage loan originator license application through NMLS, a $200 nonrefundable application fee, and any additional NMLS-required fee.

Ohio requires a mortgage loan originator license application through NMLS, a $200 nonrefundable application fee, and any additional NMLS-required fee.

Answer Options
A
Assume the Ohio requirement does not apply to this company policy update.
B
Treat continuing education and renewal as satisfied by borrower consent alone.
C
Ohio requires a mortgage loan originator license application through NMLS, a $200 nonrefundable application fee, and any additional NMLS-required fee.
D
Delay the Ohio requirement until after the loan closes or the renewal period ends.

Why This Is the Correct Answer

Ohio requires a mortgage loan originator license application through NMLS, a $200 nonrefundable application fee, and any additional NMLS-required fee.

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