In an Ohio branch onboarding review, a compliance manager sees a compliance issue involving licensing and NMLS authority. What should the file reflect?
Correct Answer
A) Ohio requires a certificate of registration for each principal office and branch office used to transact business as a mortgage lender, mortgage servicer, or mortgage broker in the state.
Ohio requires a certificate of registration for each principal office and branch office used to transact business as a mortgage lender, mortgage servicer, or mortgage broker in the state.
Why This Is the Correct Answer
Ohio requires a certificate of registration for each principal office and branch office used to transact business as a mortgage lender, mortgage servicer, or mortgage broker in the state.
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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