A training manager is updating Pennsylvania procedures for regulator exam preparation and flags licensing and NMLS authority. Which answer is accurate?
Correct Answer
B) Pennsylvania mortgage servicer license standards include GSE or federal agency approval or equivalent servicing qualifications, $250000 minimum net worth, fidelity bond coverage, a $500000 surety bond, and a qualifying individual.
Pennsylvania mortgage servicer license standards include GSE or federal agency approval or equivalent servicing qualifications, $250000 minimum net worth, fidelity bond coverage, a $500000 surety bond, and a qualifying individual.
Why This Is the Correct Answer
Pennsylvania mortgage servicer license standards include GSE or federal agency approval or equivalent servicing qualifications, $250000 minimum net worth, fidelity bond coverage, a $500000 surety bond, and a qualifying individual.
More UST Questions
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