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A branch supervisor is updating Oregon procedures for branch onboarding review and flags sponsorship and employment status. Which answer is accurate?

Correct Answer

D) A person that employs Oregon MLOs must file a corporate surety bond running to the State of Oregon and covering each MLO the person employs.

A person that employs Oregon MLOs must file a corporate surety bond running to the State of Oregon and covering each MLO the person employs.

Answer Options
A
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
B
Continue the activity and document the issue only if a complaint is later filed.
C
Let the MLO originate while waiting for the Oregon status, sponsorship, or renewal issue to be corrected.
D
A person that employs Oregon MLOs must file a corporate surety bond running to the State of Oregon and covering each MLO the person employs.

Why This Is the Correct Answer

A person that employs Oregon MLOs must file a corporate surety bond running to the State of Oregon and covering each MLO the person employs.

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