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For an Alabama disciplinary-risk review, a loan file reviewer is training staff on licensing and NMLS authority. Which answer should be used?

Correct Answer

A) Alabama license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.

Alabama license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.

Answer Options
A
Alabama license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.
B
Proceed before the required Alabama license, sponsorship, disclosure, record, or approval is in place.
C
Use an informal manager exception without updating the license, file, or required record.
D
Use a verbal explanation instead of the required license status, disclosure, record, or filing.

Why This Is the Correct Answer

Alabama license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.

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