In Pennsylvania, a procedure owner resolves a file note about branch, office, and remote-work controls before a branch procedure before an examiner response. Which answer fits?
Correct Answer
A) 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
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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