Nationwide Multistate Licensing System NMLS Quiz
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An MLO has been convicted of a felony involving dishonesty. What enforcement action can the state agency take regarding the MLO's license?
A
Immediately revoke the license as felonies involving dishonesty are disqualifying events for MLO licensing
B
Require the MLO to complete additional continuing education focused on ethics and professional conduct
C
Place the MLO on probationary status with enhanced supervision until the conviction is successfully appealed
D
Transfer the MLO's license to inactive status while allowing continued origination under company supervision
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