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A state compliance officer is updating Alabama procedures for new-license application and flags continuing education and renewal. Which answer is accurate?

Correct Answer

D) Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

Answer Options
A
Apply the Alabama rule only to company licenses and never to individual MLO activity.
B
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record.
C
Use another jurisdiction's approval as a substitute for the Alabama requirement.
D
Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

Why This Is the Correct Answer

Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

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