EstatePass
USThard11% of exam

A state compliance officer compares company policy with Ohio requirements during a new-license application. Which statement fits sponsorship and employment status?

Correct Answer

C) Ohio allows only one operations manager regardless of the number of registered office locations or employees.

Ohio allows only one operations manager regardless of the number of registered office locations or employees.

Answer Options
A
Use another jurisdiction's approval as a substitute for the Ohio requirement.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Ohio allows only one operations manager regardless of the number of registered office locations or employees.
D
Assume another state's approval automatically satisfies the Ohio requirement.

Why This Is the Correct Answer

Ohio allows only one operations manager regardless of the number of registered office locations or employees.

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