Which statement best reflects licensing for staff under the PLM?

• A. Licensing is optional for employees
• B. Staff can work while licenses pending as long as someone else approves
• C. Licenses are only required for executives
• D. All licensed staff must have current, renewed licenses on time

Answer: (D)

Licensing under a PLM is an ongoing requirement for anyone performing mortgage-related activities. Every staff member who engages in licensed duties must hold a valid license and renew it on or before its expiration. A license that isn’t current means they aren’t authorized to perform those duties, so they cannot legally work in licensable roles while it’s expired or pending renewal. The PLM is responsible for ensuring all licensed staff stay compliant and for preventing any licensed work from being done without an active license. Licensing isn’t optional, isn’t limited to executives, and isn’t allowed to be postponed because someone else approves. That’s why the statement that all licensed staff must have current, renewed licenses on time is the correct one.