Finance
A Virginia mortgage loan originator must be licensed under which law?
ARESPA
BThe SAFE Act (Secure and Fair Enforcement for Mortgage Licensing Act)✓ Correct
CTILA
DVirginia Code Title 54.1 Chapter 21
Explanation
The SAFE Act requires mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS). Virginia MLOs must also meet state-specific requirements under the Virginia Mortgage Lender and Broker Act.
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