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A sponsorship reviewer handling a Pennsylvania new-license application needs the compliant answer for sponsorship and employment status. What should the reviewer choose?

Correct Answer

B) Pennsylvania mortgage originator definition excludes an individual involved only in timeshare-credit extensions and excludes certain clerical or support loan processors or underwriters.

Pennsylvania mortgage originator definition excludes an individual involved only in timeshare-credit extensions and excludes certain clerical or support loan processors or underwriters.

Answer Options
A
Close or renew first, then decide whether the mortgage operations checklist needs a compliance correction.
B
Pennsylvania mortgage originator definition excludes an individual involved only in timeshare-credit extensions and excludes certain clerical or support loan processors or underwriters.
C
Proceed before the required Pennsylvania license, sponsorship, disclosure, record, or approval is in place.
D
Use an informal manager exception without updating the license, file, or required record.

Why This Is the Correct Answer

Pennsylvania mortgage originator definition excludes an individual involved only in timeshare-credit extensions and excludes certain clerical or support loan processors or underwriters.

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