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During an Alabama training scenario, a sponsorship reviewer must resolve a question about licensing and NMLS authority. Which statement should control?

Correct Answer

D) Alabama mortgage branch or additional-location authority is separate from individual MLO authority when the state requires branch/location licensing or registration.

Alabama mortgage branch or additional-location authority is separate from individual MLO authority when the state requires branch/location licensing or registration.

Answer Options
A
Handle sponsorship and employment status with an informal note rather than the required license, disclosure, filing, or record.
B
Use another jurisdiction's approval as a substitute for the Alabama requirement.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Alabama mortgage branch or additional-location authority is separate from individual MLO authority when the state requires branch/location licensing or registration.

Why This Is the Correct Answer

Alabama mortgage branch or additional-location authority is separate from individual MLO authority when the state requires branch/location licensing or registration.

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