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A sponsorship reviewer handling a Washington loan-originator transfer needs the compliant answer for branch, office, and remote-work controls. What should the reviewer choose?

Correct Answer

C) Washington URL addresses may be used as DBA names on request to and approval from DFI, provided the URL does not misrepresent company identity or contain misleading, deceptive, or prohibited language.

Washington URL addresses may be used as DBA names on request to and approval from DFI, provided the URL does not misrepresent company identity or contain misleading, deceptive, or prohibited language.

Answer Options
A
Use only the federal baseline and ignore the separate Washington state requirement.
B
Apply the rule only after the Washington regulator has already opened an examination.
C
Washington URL addresses may be used as DBA names on request to and approval from DFI, provided the URL does not misrepresent company identity or contain misleading, deceptive, or prohibited language.
D
Skip the Washington requirement because the company already follows general SAFE Act procedures.

Why This Is the Correct Answer

Washington URL addresses may be used as DBA names on request to and approval from DFI, provided the URL does not misrepresent company identity or contain misleading, deceptive, or prohibited language.

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