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During an Alabama NMLS filing review, a policy analyst must resolve a question about continuing education and renewal. Which statement should control?

Correct Answer

B) Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

Answer Options
A
Use an informal manager exception without updating the license, file, or required record.
B
Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.
C
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
D
Use a annual compliance meeting exception instead of satisfying the rule before activity continues.

Why This Is the Correct Answer

Alabama State Banking Department is the official state regulator source used for Alabama mortgage loan originator or mortgage licensing questions in this batch.

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