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An Alabama file is paused during a remote-work procedure because of licensing and NMLS authority. Which statement clears the compliance question?

Correct Answer

A) Alabama Bureau of Loans administers and enforces the Alabama Mortgage Brokers Licensing Act and Alabama SAFE Act.

Alabama Bureau of Loans administers and enforces the Alabama Mortgage Brokers Licensing Act and Alabama SAFE Act.

Answer Options
A
Alabama Bureau of Loans administers and enforces the Alabama Mortgage Brokers Licensing Act and Alabama SAFE Act.
B
Treat consumer consent as a cure for a prohibited or missing compliance step.
C
Treat the timing or filing requirement as optional if the transaction appears low risk.
D
Assume the Alabama requirement does not apply to this regulator exam preparation.

Why This Is the Correct Answer

Alabama Bureau of Loans administers and enforces the Alabama Mortgage Brokers Licensing Act and Alabama SAFE Act.

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