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An Alabama file is paused during a consumer complaint response because of licensing and NMLS authority. Which statement clears the compliance question?

Correct Answer

D) Alabama Bureau of Loans administers and enforces Alabama mortgage lending and SAFE Act license requirements.

Alabama Bureau of Loans administers and enforces Alabama mortgage lending and SAFE Act license requirements.

Answer Options
A
Use an informal manager exception without updating the license, file, or required record.
B
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
C
Use a regulator exam preparation exception instead of satisfying the rule before activity continues.
D
Alabama Bureau of Loans administers and enforces Alabama mortgage lending and SAFE Act license requirements.

Why This Is the Correct Answer

Alabama Bureau of Loans administers and enforces Alabama mortgage lending and SAFE Act license requirements.

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