An originator file in Pennsylvania presents a question about branch, office, and remote-work controls. Which statement should a loan file reviewer rely on?
Correct Answer
C) Pennsylvania permits remote-location activity only with supervision, written policies, security controls, and no consumer-facing home location.
Pennsylvania remote-location activity is allowed only when the licensed activity is supervised, written policies and information-security controls exist, in-person consumer interaction does not occur at a personal residence, the location is not advertised as an operating location, and the location is not owned or controlled by the licensee.
Why This Is the Correct Answer
Pennsylvania remote-location activity is allowed only when the licensed activity is supervised, written policies and information-security controls exist, in-person consumer interaction does not occur at a personal residence, the location is not advertised as an operating location, and the location is not owned or controlled by the licensee.
More UST Questions
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