Which statement about branch managers is false?

Which statement about branch managers is false?

• A. A branch manager may oversee only one branch office
• B. A branch manager may serve as the manager for up to three licensed branch offices
• C. A branch manager is responsible for branch compliance
• D. A branch manager must hold a loan originator license

Answer: (A)

The key idea here is how branch managers supervise branches and stay compliant under licensing rules. A branch manager is responsible for the operations and compliance of the branches they oversee, and they must hold a loan originator license. The rule allows a branch manager to supervise multiple licensed branch offices—up to three. So the statement that a branch manager may oversee only one branch office is not correct, because the standard is that a single branch manager can oversee up to three licensed branches. The other statements fit the role: a branch manager is responsible for branch compliance, and they must hold a loan originator license.

The key idea here is how branch managers supervise branches and stay compliant under licensing rules. A branch manager is responsible for the operations and compliance of the branches they oversee, and they must hold a loan originator license. The rule allows a branch manager to supervise multiple licensed branch offices—up to three.

So the statement that a branch manager may oversee only one branch office is not correct, because the standard is that a single branch manager can oversee up to three licensed branches. The other statements fit the role: a branch manager is responsible for branch compliance, and they must hold a loan originator license.