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During an Arizona advertising approval, an audit analyst must resolve a question about licensing and NMLS authority. Which statement should control?

Correct Answer

B) For an Arizona mortgage recovery fund claim, the deputy director must make a final written decision and order within 90 calendar days after receiving a complete application unless.

For an Arizona mortgage recovery fund claim, the deputy director must make a final written decision and order within 90 calendar days after receiving a complete application unless the time is extended by consent or other statutory reason.

Answer Options
A
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
B
For an Arizona mortgage recovery fund claim, the deputy director must make a final written decision and order within 90 calendar days after receiving a complete application unless.
C
Use another jurisdiction's approval as a substitute for the Arizona requirement.
D
Treat the requirement as waived because the borrower or employer agrees.

Why This Is the Correct Answer

For an Arizona mortgage recovery fund claim, the deputy director must make a final written decision and order within 90 calendar days after receiving a complete application unless the time is extended by consent or other statutory reason.

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