Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Allison is a licensed mortgage loan originator working full-time for Clear Cut Mortgage Company, a licensed lender. She has been offered the opportunity to work part-time as a mortgage loan originator for the Jones Mortgage Company, another licensed lender, evenings and weekends. Can Allison lawfully accept the second job?
A. Yes, her individual MLO license would be transferable between the two licensed lenders.
B. No, a mortgage loan originator is prohibited from working for two companies as a MLO at the same time.
C. No, working for two lending companies at the same time may cause a conflict of interests.
D. Yes, however, she must apply for a dual license which allows her to work for both companies