Which of the following actions would require the Commissioner to conduct an examination?

The correct action that would require the Commissioner to conduct an examination is the initial licensing of applicants. This process is crucial because it ensures that individuals or entities seeking to operate as licensed mortgage lenders or brokers meet the necessary qualifications and adhere to regulatory standards set forth by California law. During this examination, the Commissioner reviews the applicant’s background, financial standing, and compliance with relevant laws to determine their suitability for licensure.

In contrast, updating training programs, conducting promotional events, and developing marketing strategies do not typically necessitate a formal examination by the Commissioner. These activities relate more to the operational and marketing aspects of a mortgage business rather than regulatory compliance and licensing validation, which is why they do not trigger an examination requirement.