In Utah, what must a PLM ensure regarding licensing for staff?

• A. That all staff are licensed and in good standing
• B. That licensing is optional for support staff
• C. That licenses are renewed automatically every two years
• D. That all loan originators and mortgage employees are properly licensed and licenses are current and renewed on time

Answer: (D)

Ensuring licensing is up to date for staff is a fundamental duty of a PLM in Utah. The state requires that anyone performing loan origination or mortgage-related activities be properly licensed, with licenses current and renewed on time. A PLM must verify that every loan originator and mortgage employee under the company’s supervision holds an active license, track expiration dates, and make sure renewals and any required continuing education or background checks are completed. This keeps the company compliant with Utah’s regulatory framework and helps protect consumers from unlicensed activity. If staff operate without current licenses, the firm can face regulatory penalties, and the ability to originate loans could be halted. Licensing for individuals not performing licensed duties isn’t the focus; the emphasis is on those who perform licensed activities and on keeping those licenses current.