A Georgia loan file reviewer is reviewing a supervisory file review tied to licensing and NMLS authority. Which rule should be applied?
Correct Answer
A) Georgia Rule 80-11-1 requires specified disclosures to be acknowledged in writing by the applicant, with one copy maintained.
Georgia Rule 80-11-1 requires specified disclosures to be acknowledged in writing by the applicant, with one copy maintained by the lender or broker and one copy given to the applicant; mail and telephone applications require delivery with a request for signed acknowledgment.
Why This Is the Correct Answer
Georgia Rule 80-11-1 requires specified disclosures to be acknowledged in writing by the applicant, with one copy maintained by the lender or broker and one copy given to the applicant; mail and telephone applications require delivery with a request for signed acknowledgment.
More UST Questions
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