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Before approving the branch onboarding review, an Ohio audit analyst checks licensing and NMLS authority. Which conclusion is best supported?

Correct Answer

D) Ohio registrants and licensees must give the superintendent notice within 10 days after a buyer action begins or a judgment is entered for alleged injury from an RMLA violation.

Ohio registrants and licensees must give the superintendent notice within 10 days after a buyer action begins or a judgment is entered for alleged injury from an RMLA violation.

Answer Options
A
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
B
Use another jurisdiction's approval as a substitute for the Ohio requirement.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Ohio registrants and licensees must give the superintendent notice within 10 days after a buyer action begins or a judgment is entered for alleged injury from an RMLA violation.

Why This Is the Correct Answer

Ohio registrants and licensees must give the superintendent notice within 10 days after a buyer action begins or a judgment is entered for alleged injury from an RMLA violation.

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