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an Alabama compliance file raises a scope, definitions, and exemptions question involving license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's. Which statement is supported by the state rule?

Correct Answer

B) 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
Allow the activity whenever the individual has general mortgage experience.
B
Alabama license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.
C
Treat company licensing alone as enough for every individual MLO activity.
D
Ignore the state condition if the consumer file is otherwise complete.

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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