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A compliance review meeting turns to Vermont SAFE testing. Which rule should be cited?

Correct Answer

C) Vermont Department of Financial Regulation is the official state regulator source used for Vermont mortgage loan originator or mortgage licensing questions in this batch.

Vermont Department of Financial Regulation is the official state regulator source used for Vermont 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
Treat the timing or filing requirement as optional if the transaction appears low risk.
C
Vermont Department of Financial Regulation is the official state regulator source used for Vermont mortgage loan originator or mortgage licensing questions in this batch.
D
Assume the Vermont requirement does not apply to this MLO sponsorship update.

Why This Is the Correct Answer

Vermont Department of Financial Regulation is the official state regulator source used for Vermont mortgage loan originator or mortgage licensing questions in this batch.

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