Which agency must be notified within ten business days if a Utah MLO's license is revoked in another state?

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Multiple Choice

Which agency must be notified within ten business days if a Utah MLO's license is revoked in another state?

Explanation:
If a Utah MLO’s license is revoked in another state, you must notify the Utah Department of Real Estate within ten business days. This Utah regulator monitors license status and can take appropriate action if a license is revoked elsewhere, ensuring oversight stays current. The NMLS tracks licensing data, but the formal notification obligation for this scenario is to the Utah Department of Real Estate. Federal agencies like the FTC or CFPB don’t handle state-licensing actions for Utah MLOs.

If a Utah MLO’s license is revoked in another state, you must notify the Utah Department of Real Estate within ten business days. This Utah regulator monitors license status and can take appropriate action if a license is revoked elsewhere, ensuring oversight stays current. The NMLS tracks licensing data, but the formal notification obligation for this scenario is to the Utah Department of Real Estate. Federal agencies like the FTC or CFPB don’t handle state-licensing actions for Utah MLOs.

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