An individual convicted of a felony involving a breach of trust is applying for what?

Prepare for the Utah PLM Test with flashcards, multiple choice questions, and detailed explanations. Maximize your chances of passing with a thorough review of lending and mortgage concepts.

When an individual convicted of a felony involving a breach of trust is applying for a mortgage loan originator's license, this choice aligns with the regulatory and ethical standards governing the mortgage industry. A breach of trust generally signifies a serious violation of fiduciary duty or financial responsibility, which directly impacts the trustworthiness essential in the role of a mortgage loan originator. Because this profession involves handling sensitive financial information and significant amounts of money, the licensing process typically includes a thorough background check to assess an applicant's criminal history.

In the context of the other options, while issues of trust and responsibility are also relevant in those areas, the specific link to a felony involving a breach of trust is most applicable to the mortgage loan originator's license. Real estate brokers and financial advisors have their own licensing requirements, but the context of the crime directly addresses the fiduciary trust inherent in mortgage lending. Therefore, seeking a mortgage loan originator's license is the most relevant scenario when considering an individual's conviction for such a felony.

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