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Before approving the loan-originator transfer, an Alabama branch supervisor checks licensing and NMLS authority. Which conclusion is best supported?

Correct Answer

C) Alabama Bureau of Loans may examine records of licensees at a licensee place of business to determine compliance with Alabama law.

Alabama Bureau of Loans may examine records of licensees at a licensee place of business to determine compliance with Alabama law.

Answer Options
A
Continue the activity and document the issue only if a complaint is later filed.
B
Let the MLO originate while waiting for the Alabama status, sponsorship, or renewal issue to be corrected.
C
Alabama Bureau of Loans may examine records of licensees at a licensee place of business to determine compliance with Alabama law.
D
Let production staff decide whether licensing and NMLS authority matters for the file.

Why This Is the Correct Answer

Alabama Bureau of Loans may examine records of licensees at a licensee place of business to determine compliance with Alabama law.

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