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An audit analyst handling a Pennsylvania branch onboarding review needs the compliant answer for continuing education and renewal. What should the reviewer choose?

Correct Answer

B) Pennsylvania mortgage originator fees are $200 initial and $100 renewal, with enhanced fees of $225 initial and $125 renewal if the statutory 20 percent branch-license reduction condition applies.

Pennsylvania mortgage originator fees are $200 initial and $100 renewal, with enhanced fees of $225 initial and $125 renewal if the statutory 20 percent branch-license reduction condition applies.

Answer Options
A
Skip the Pennsylvania requirement because the company already follows general SAFE Act procedures.
B
Pennsylvania mortgage originator fees are $200 initial and $100 renewal, with enhanced fees of $225 initial and $125 renewal if the statutory 20 percent branch-license reduction condition applies.
C
Treat continuing education and renewal as optional because the company has a general Pennsylvania compliance policy.
D
Postpone the Pennsylvania continuing education and renewal issue until the next annual review.

Why This Is the Correct Answer

Pennsylvania mortgage originator fees are $200 initial and $100 renewal, with enhanced fees of $225 initial and $125 renewal if the statutory 20 percent branch-license reduction condition applies.

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