Please read the below statement and answer the following
questions by posting your answers in the Comments Section.
A lender whose net worth has fallen below the thresholds
required of a licensee decides to take a “wait for it to be discovered”
position rather than notify the commission.
Questions:
A.
What happens when the commission audits and discovers the violation?
B.
If the lender changes its mind and decides to inform the commission is there a
benefit to the lender?
C.
What happens if the lender does not satisfy the net worth requirements after
the allowable window to do so?
Students should post directly to the Blog! If you have any problems posting your assignment to the Blog (due to firewall issues etc.), you may send your answer directly to the instructor via email at oil@mymortgagetrainer.com
Students should post directly to the Blog! If you have any problems posting your assignment to the Blog (due to firewall issues etc.), you may send your answer directly to the instructor via email at oil@mymortgagetrainer.com
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