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For a South Carolina training scenario, an operations lead is training staff on sponsorship and employment status. Which answer should be used?

Correct Answer

D) South Carolina makes it unlawful to employ, compensate, or appoint a loan originator as agent unless the loan originator is licensed, unless the person is exempt.

South Carolina makes it unlawful to employ, compensate, or appoint a loan originator as agent unless the loan originator is licensed, unless the person is exempt.

Answer Options
A
Treat consumer consent as a cure for a prohibited or missing compliance step.
B
Treat the timing or filing requirement as optional if the transaction appears low risk.
C
Assume the South Carolina requirement does not apply to this disciplinary-risk review.
D
South Carolina makes it unlawful to employ, compensate, or appoint a loan originator as agent unless the loan originator is licensed, unless the person is exempt.

Why This Is the Correct Answer

South Carolina makes it unlawful to employ, compensate, or appoint a loan originator as agent unless the loan originator is licensed, unless the person is exempt.

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