A lender is preparing a Pennsylvania compliance audit focused on pre-licensure education. Which statement should be treated as accurate?
Correct Answer
A) Pennsylvania mortgage originator applicants, and at least one qualifying individual of a mortgage broker or lender applicant, must complete prelicensing education and pass a written test to obtain a license.
Pennsylvania mortgage originator applicants, and at least one qualifying individual of a mortgage broker or lender applicant, must complete prelicensing education and pass a written test to obtain a license.
Why This Is the Correct Answer
Pennsylvania mortgage originator applicants, and at least one qualifying individual of a mortgage broker or lender applicant, must complete prelicensing education and pass a written test to obtain a license.
More UST Questions
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