During a Pennsylvania annual compliance meeting, a loan file reviewer must resolve a question about continuing education and renewal. Which statement should control?
Correct Answer
D) Pennsylvania mortgage broker originator bond coverage is $50000, $75000, $100000, or $150000 depending on annual Pennsylvania secured mortgage origination volume below $15000000, $15000000 to $29999999.99, $30000000 to $49999999.99, or $50000000 or more.
Pennsylvania mortgage broker originator bond coverage is $50000, $75000, $100000, or $150000 depending on annual Pennsylvania secured mortgage origination volume below $15000000, $15000000 to $29999999.99, $30000000 to $49999999.99, or $50000000 or more.
Why This Is the Correct Answer
Pennsylvania mortgage broker originator bond coverage is $50000, $75000, $100000, or $150000 depending on annual Pennsylvania secured mortgage origination volume below $15000000, $15000000 to $29999999.99, $30000000 to $49999999.99, or $50000000 or more.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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