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An operations lead handling an Alabama consumer complaint response needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

C) Alabama mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

Alabama mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

Answer Options
A
Assume the Alabama requirement does not apply to this state-law refresher.
B
Treat licensing and NMLS authority as satisfied by borrower consent alone.
C
Alabama mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.
D
Delay the Alabama requirement until after the loan closes or the renewal period ends.

Why This Is the Correct Answer

Alabama mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

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