In an Ohio branch onboarding review, a branch supervisor sees a compliance issue involving licensing and NMLS authority. What should the file reflect?
Correct Answer
B) Ohio requires registrants and licensees to maintain records for 4 years, including persons whose registration or license is cancelled, surrendered, revoked, or who cease mortgage business.
Ohio requires registrants and licensees to maintain records for 4 years, including persons whose registration or license is cancelled, surrendered, revoked, or who cease mortgage business.
Why This Is the Correct Answer
Ohio requires registrants and licensees to maintain records for 4 years, including persons whose registration or license is cancelled, surrendered, revoked, or who cease mortgage business.
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?
A renewal specialist is updating Missouri procedures for supervisory file review and flags licensing and NMLS authority. Which answer is accurate?
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A licensing checklist in Missouri includes a question about scope, definitions, and exemptions. Which entry should the branch supervisor keep?
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