MT State Law Assignment 2 of 2

Please read the below Case Study and answer appropriately:

ENGAGEMENT AFTER DENIAL

After 23 years in the business, 2 MLO’s are denied renewal of their license after their opportunity for a hearing. Back at their mortgage office, one MLO has a pipeline $5,000,000 in loans yet to close that mean big commissions. The MLO arranges with the broker to stay out of the office, but to work on the files behind the scenes until these loans close so he can be paid. The MLO also agrees with the broker to not originate any more loans because of the non renewal.

Is this situation considered OK?

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