Before approving the supervisory file review, a South Dakota loan file reviewer checks continuing education and renewal. Which conclusion is best supported?
Correct Answer
A) South Dakota MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act licensing standards.
South Dakota MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act licensing standards.
Why This Is the Correct Answer
South Dakota MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act licensing standards.
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A mortgage company asks a renewal specialist to validate a Kentucky annual compliance meeting involving licensing and NMLS authority. Which statement is reliable?
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