A licensee may voluntarily surrender their license with the consent of which individual?

The correct answer is that a licensee may voluntarily surrender their license with the consent of the Qualified Individual. In the context of mortgage loan origination, the Qualified Individual typically refers to the designated person responsible for overseeing compliance with regulatory requirements within a licensed entity. Their consent is crucial because they are responsible for ensuring that the business operates within the legal framework, and any changes to the licensing status can have significant implications for the firm and its operations.

While other individuals, such as the Commissioner or members of a Board, may have roles in the regulatory or oversight process, the Qualified Individual is the appropriate authority within the organization that must consent to the voluntary surrender of the license. Their role ensures that proper procedures are followed and that the organization remains compliant with state laws governing mortgage origination activities.