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During an Oregon mortgage operations checklist, a policy analyst must resolve a question about sponsorship and employment status. Which statement should control?

Correct Answer

B) Oregon prohibits employing a device, scheme, or artifice to defraud or engaging in a practice or course of business that operates as fraud or deceit.

Oregon prohibits employing a device, scheme, or artifice to defraud or engaging in a practice or course of business that operates as fraud or deceit.

Answer Options
A
Proceed before the required Oregon license, sponsorship, disclosure, record, or approval is in place.
B
Oregon prohibits employing a device, scheme, or artifice to defraud or engaging in a practice or course of business that operates as fraud or deceit.
C
Use an informal manager exception without updating the license, file, or required record.
D
Use a verbal explanation instead of the required license status, disclosure, record, or filing.

Why This Is the Correct Answer

Oregon prohibits employing a device, scheme, or artifice to defraud or engaging in a practice or course of business that operates as fraud or deceit.

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