The statement which applies to Jamie's current situation is that: Jamie Dafe is not qualified to act as a loan broker unless she is properly licensed as one, under the Mortgage Loan Broker Law that is set forth under the California Business and Professions Code, Article 7.
A mortgage broker refers to an independent contractor who acts as an intermediary between financial institutions or multiple lenders (wholesalers) and borrowers, who are interested in borrowing loans that are secured with real estate.
This ultimately implies that, a mortgage broker do not give out loans to interested borrowers but instead they bring mortgage lenders and mortgage borrowers together.
Generally, it is mandatory that a mortgage broker is properly licensed under the Mortgage Loan Broker Law that is set forth under the California Business and Professions Code, Article 7.
According to California Business and Professions Code, Article 7, Jamie Dafe is not qualified to act as a loan broker.
Read more on Mortgage Loan here: https://brainly.com/question/14311797
