EstatePass
USThard11% of exam

A compliance manager is updating Tennessee procedures for advertising approval and flags continuing education and renewal. Which answer is accurate?

Correct Answer

C) Tennessee MLO applicants file a commissioner-prescribed written application under oath and pay a $100 nonrefundable licensing fee, subject to rule adjustment by the commissioner.

Tennessee MLO applicants file a commissioner-prescribed written application under oath and pay a $100 nonrefundable licensing fee, subject to rule adjustment by the commissioner.

Answer Options
A
Treat continuing education and renewal as satisfied by borrower consent alone.
B
Delay the Tennessee requirement until after the loan closes or the renewal period ends.
C
Tennessee MLO applicants file a commissioner-prescribed written application under oath and pay a $100 nonrefundable licensing fee, subject to rule adjustment by the commissioner.
D
Treat consumer consent as a cure for a prohibited or missing compliance step.

Why This Is the Correct Answer

Tennessee MLO applicants file a commissioner-prescribed written application under oath and pay a $100 nonrefundable licensing fee, subject to rule adjustment by the commissioner.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing