A licensed loan originator may work for how many licensed entities at a time?

• A. Any number
• B. One
• C. Two
• D. Three

Answer: (B)

This question tests supervision and licensing tied to a single employer. A loan originator’s license is issued to the individual but must be held under the sponsorship of one licensed entity. That sponsor is responsible for supervising the LO, maintaining records, and ensuring compliance. Because of that, an originator may work for only one licensed entity at a time. If they move to another employer, sponsorship must be transferred and supervision updated accordingly.

Allowing an originator to work for multiple licensed entities simultaneously would undermine supervision and accountability, which is why options suggesting more than one employer aren’t allowed.