Which of the following must an originator report to maintain compliance with state regulations?

To maintain compliance with state regulations, it is essential for an originator to report the cessation of business in South Carolina. When a mortgage loan originator decides to halt operations, this significantly impacts their licensing status and regulatory obligations. Reporting such a change ensures that the state is kept informed about active business practices and can monitor compliance with all necessary regulations.

Notifying the state regarding the cessation of business helps prevent unauthorized lending activities and protects consumers from dealing with lenders who may not be compliant or regulated. This practice safeguards the integrity of the mortgage industry within the state.

In contrast, changes in personal business practices, employee roles, or new product offerings may not necessitate immediate reporting to the state. While these changes can have operational implications, they do not fundamentally alter the status of the business in terms of compliance and licensing requirements as the cessation of business does.