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An Alaska branch supervisor is reviewing a loan-originator transfer tied to licensing and NMLS authority. Which rule should be applied?

Correct Answer

B) Alaska licenses administered in NMLS are checked through NMLS and Alaska Division of Banking and Securities resources.

Alaska licenses administered in NMLS are checked through NMLS and Alaska Division of Banking and Securities resources.

Answer Options
A
Alaska: The state treats an NMLS ID by itself as authority to originate without a state license or valid sponsorship.
B
Alaska licenses administered in NMLS are checked through NMLS and Alaska Division of Banking and Securities resources.
C
Alaska: The state applies one identical license category to individuals, companies, branches, and exempt institutions.
D
Alaska: The state lets compensation or expected compensation be ignored when deciding whether individual MLO activity is present.

Why This Is the Correct Answer

Alaska licenses administered in NMLS are checked through NMLS and Alaska Division of Banking and Securities resources.

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