Under Utah rules, which reason would NOT result in losing a mortgage loan originator's license?

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.

The reason that would not result in losing a mortgage loan originator's license is the violation of the mortgage loan originator's fiduciary duty to the borrower. While this is a serious ethical and professional concern, violations of fiduciary duty are typically addressed through civil litigation or disciplinary actions rather than the automatic loss of a license. Fiduciary duty involves acting in the best interest of the borrower, and if breached, it may lead to legal disputes or damage to reputation, but it does not trigger an immediate revocation of the mortgage loan originator’s license under Utah rules.

In contrast, the other options—failure to comply with continuing education requirements, engaging in dishonest conduct, and committing financial crimes—are explicitly linked to issues of licensing and regulatory standards. Non-compliance with continuing education can demonstrate a lack of commitment to staying updated on industry standards, while dishonest conduct or financial crimes directly undermine the trust necessary in the lending relationship, leading to potential loss of licensure to protect consumers and maintain the integrity of the profession.

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