A North Carolina lender quarterly loan data omits the unique identifiers involved in 2026. Is the submission complete without the applicable originator, broker and lender identifiers?
Correct Answer
C) Incomplete: the originator, broker and lender identifiers are required
Mortgage lenders shall provide information sufficient to identify the mortgage loan and the unique identifier of the mortgage loan originator, mortgage broker if applicable, and mortgage lender for the loan. Other choices: identifiers are the first item on the list; the lender and originator identifiers are required whether or not a broker was involved; and a loan number is not a unique identifier. Source: 04 NCAC 03M .0401(c)(1)
Why This Is the Correct Answer
Mortgage lenders shall provide information sufficient to identify the mortgage loan and the unique identifier of the mortgage loan originator, mortgage broker if applicable, and mortgage lender for the loan. Other choices: identifiers are the first item on the list; the lender and originator identifiers are required whether or not a broker was involved; and a loan number is not a unique identifier. Source: 04 NCAC 03M .0401(c)(1)
More UST Questions
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