EstatePass
USTeasy11% of exam

A training manager handling an Ohio renewal checklist needs the compliant answer for continuing education and renewal. What should the reviewer choose?

Correct Answer

B) Ohio registrants must maintain an office location for mortgage lender, servicer, or broker business in a U.S. state, but they are not required to maintain a physical location in Ohio.

Ohio registrants must maintain an office location for mortgage lender, servicer, or broker business in a U.S. state, but they are not required to maintain a physical location in Ohio.

Answer Options
A
Treat continuing education and renewal as optional because the company has a general Ohio compliance policy.
B
Ohio registrants must maintain an office location for mortgage lender, servicer, or broker business in a U.S. state, but they are not required to maintain a physical location in Ohio.
C
Postpone the Ohio continuing education and renewal issue until the next annual review.
D
Use only the federal baseline and ignore the separate Ohio state requirement.

Why This Is the Correct Answer

Ohio registrants must maintain an office location for mortgage lender, servicer, or broker business in a U.S. state, but they are not required to maintain a physical location in Ohio.

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