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A licensing coordinator handling an Alabama training scenario needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

C) Alabama mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.

Alabama mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.

Answer Options
A
Handle licensing and NMLS authority 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
Alabama mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.
D
Treat the requirement as waived because the borrower or employer agrees.

Why This Is the Correct Answer

Alabama mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.

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