In a Washington record-retention audit, a state compliance officer sees a compliance issue involving branch, office, and remote-work controls. What should the file reflect?
Correct Answer
D) 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.
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.
Why the Other Options Are Wrong
Option A: Continue the activity and document the issue only if a complaint is later filed.
Continue the activity and document the issue only if a complaint is later filed. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option B: Let the MLO originate while waiting for the Washington status, sponsorship, or renewal issue to be corrected.
Let the MLO originate while waiting for the Washington status, sponsorship, or renewal issue to be corrected. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option C: Let production staff decide whether branch, office, and remote-work controls matters for the file.
Let production staff decide whether branch, office, and remote-work controls matters for the file. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
WA -> wa-remote-advertising-records-and-identifier
Exam Tip
Washington remote work is allowed, but the residence cannot become an unlicensed public branch or customer-record storage site.
Common Mistakes to Avoid
- -Using a national baseline answer when Washington has a state-specific rule
- -Confusing DFI guidance, RCW requirements, and WAC implementation details
- -Treating temporary authority, remote work, or exemptions as blanket permission
More UST Questions
In a pricing desk question, an audit analyst sees facts tied to Prohibited Misrepresentation. What should the file reflect?
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An MLO's license status in NMLS changes to suspended, with no stay or reinstatement shown. What is the immediate operational effect?
Which fact most directly supports disciplinary action against an MLO rather than merely a request for additional application information?
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