A licensing checklist in South Carolina includes a question about application and licensing qualifications. Which entry should the branch supervisor keep?
Correct Answer
A) A South Carolina loan originator applicant must never have had a loan originator license revoked in any governmental jurisdiction and must have no disqualifying felony during the 10-year.
A South Carolina loan originator applicant must never have had a loan originator license revoked in any governmental jurisdiction and must have no disqualifying felony during the 10-year lookback or any fraud, dishonesty, breach-of-trust, or money-laundering felony at any time.
Why This Is the Correct Answer
A South Carolina loan originator applicant must never have had a loan originator license revoked in any governmental jurisdiction and must have no disqualifying felony during the 10-year lookback or any fraud, dishonesty, breach-of-trust, or money-laundering felony at any time.
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