A compliance memo in New York about an examiner response needs one rule for temporary authority. Which statement should be included?
Correct Answer
A) New York temporary authority depends on qualified employment or sponsorship, NMLS application submission, prior status, and no disqualifying history.
New York temporary authority requires employment by and sponsorship from a DFS licensed or registered mortgage banker or broker and a work location licensed or registered by DFS, plus qualifying prior federal registration or state licensure.
Why This Is the Correct Answer
New York temporary authority requires employment by and sponsorship from a DFS licensed or registered mortgage banker or broker and a work location licensed or registered by DFS, plus qualifying prior federal registration or state licensure.
More UST Questions
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