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A licensing coordinator compares company policy with Ohio requirements during an annual compliance meeting. Which statement fits licensing and NMLS authority?

Correct Answer

D) Ohio may issue a certificate of registration only after investigation and only if statutory conditions for fees, experience, character, financial responsibility, and compliance are met.

Ohio may issue a certificate of registration only after investigation and only if statutory conditions for fees, experience, character, financial responsibility, and compliance are met.

Answer Options
A
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
B
Use a loan-originator transfer exception instead of satisfying the rule before activity continues.
C
Close or renew first, then decide whether the loan-originator transfer needs a compliance correction.
D
Ohio may issue a certificate of registration only after investigation and only if statutory conditions for fees, experience, character, financial responsibility, and compliance are met.

Why This Is the Correct Answer

Ohio may issue a certificate of registration only after investigation and only if statutory conditions for fees, experience, character, financial responsibility, and compliance are met.

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