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For an Alabama advertising approval, a quality-control reviewer is training staff on licensing and NMLS authority. Which answer should be used?

Correct Answer

D) Alabama state mortgage law or regulator guidance distinguishes licensed state MLO activity from exempt or federally registered mortgage activity.

Alabama state mortgage law or regulator guidance distinguishes licensed state MLO activity from exempt or federally registered mortgage activity.

Answer Options
A
Use another jurisdiction's approval as a substitute for the Alabama requirement.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Assume another state's approval automatically satisfies the Alabama requirement.
D
Alabama state mortgage law or regulator guidance distinguishes licensed state MLO activity from exempt or federally registered mortgage activity.

Why This Is the Correct Answer

Alabama state mortgage law or regulator guidance distinguishes licensed state MLO activity from exempt or federally registered mortgage activity.

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