Under the S.A.F.E. Act, 'general fitness' to gain the confidence of the community for licensure might include any of the following, except:
Understand the Problem
The question is asking which option does not qualify under the 'general fitness' criteria established by the S.A.F.E. Act for licensure. We need to evaluate each choice to determine which one does not align with the expectations of general fitness.
Answer
General fitness excludes traits not related to financial responsibility, experience, or character.
General fitness to gain the confidence of the community under the S.A.F.E. Act might include characteristics like financial responsibility, experience, and character, so alternative traits or criteria unrelated to these would not be included.
Answer for screen readers
General fitness to gain the confidence of the community under the S.A.F.E. Act might include characteristics like financial responsibility, experience, and character, so alternative traits or criteria unrelated to these would not be included.
More Information
Being 'generally fit' under the S.A.F.E. Act means meeting conditions like financial responsibility and having good character and experience. These conditions help ensure the trust of the community and effectiveness in the role.
Tips
Applicants often overlook the 'determination of financial responsibility' requirement and may focus solely on character. Make sure to provide comprehensive and verified financial history.
Sources
- § 1008.105 Minimum loan originator license requirements ... - consumerfinance.gov
- safe-act.pdf - mortgage.nationwidelicensingsystem.org
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