An MLO is NOT required to provide disclosures if which of the following occurs?

When a loan application is withdrawn, the Mortgage Loan Originator (MLO) is not required to provide disclosures. This is because the process of securing a loan is effectively halted once the borrower indicates that they are no longer pursuing the application. Disclosures are typically provided as part of the loan process to ensure that borrowers are informed of their rights, the terms of the loan, and any associated costs. However, when the application is withdrawn, there is no longer an ongoing transaction that necessitates the delivery of these disclosures.

In contrast, if the application is completed, disclosures are required as part of the legal obligation to inform the borrower about the loan's terms. Similarly, if the loan is approved, this also triggers the requirement for disclosures as the borrower moves closer to finalizing the loan agreement. Having a good credit score, while beneficial for securing loan terms, does not exempt the MLO from providing necessary disclosures, as these are related to the loan process rather than the borrower's creditworthiness. Thus, the requirement for disclosures is directly tied to the status of the application rather than the quality of the borrower's credit profile.