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Before approving the mortgage operations checklist, an Alabama renewal specialist checks licensing and NMLS authority. Which conclusion is best supported?

Correct Answer

C) 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
Apply the rule only after the Alabama regulator has already opened an examination.
B
Skip the Alabama requirement because the company already follows general SAFE Act procedures.
C
Alabama Bureau of Loans administers and enforces the Alabama Mortgage Brokers Licensing Act and Alabama SAFE Act.
D
Treat continuing education and renewal as optional because the company has a general Alabama compliance policy.

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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