A Florida mortgage loan originator applicant needs to know which agency will decide her application and supervise her once she is licensed. Which body is it?
Correct Answer
D) The Florida Office of Financial Regulation, the state agency responsible for mortgage licensees
The Florida Office of Financial Regulation is the state regulator for mortgage loan originators. NMLS is the system through which the application is filed and records are kept, not the agency that grants the license. Source: Fla. Stat. § 494.0011(1)
Why This Is the Correct Answer
The Florida Office of Financial Regulation is the state regulator for mortgage loan originators. NMLS is the system through which the application is filed and records are kept, not the agency that grants the license. Source: Fla. Stat. § 494.0011(1)
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