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A policy exception is requested for a Rhode Island matter involving SAFE testing. Which rule controls?

Correct Answer

B) Rhode Island Department of Business Regulation Division of Banking is the official state regulator source used for Rhode Island mortgage loan originator or mortgage licensing questions in this batch.

Rhode Island Department of Business Regulation Division of Banking is the official state regulator source used for Rhode Island mortgage loan originator or mortgage licensing questions in this batch.

Answer Options
A
Treat consumer consent as a cure for a prohibited or missing compliance step.
B
Rhode Island Department of Business Regulation Division of Banking is the official state regulator source used for Rhode Island mortgage loan originator or mortgage licensing questions in this batch.
C
Treat the timing or filing requirement as optional if the transaction appears low risk.
D
Assume the Rhode Island requirement does not apply to this consumer complaint response.

Why This Is the Correct Answer

Rhode Island Department of Business Regulation Division of Banking is the official state regulator source used for Rhode Island mortgage loan originator or mortgage licensing questions in this batch.

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