A loan file reviewer handling a Georgia disciplinary-risk review needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?
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
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
A renewal specialist is updating Missouri procedures for supervisory file review and flags licensing and NMLS authority. Which answer is accurate?
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A licensing checklist in Missouri includes a question about scope, definitions, and exemptions. Which entry should the branch supervisor keep?
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