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During a Colorado advertising approval, a renewal specialist must resolve a question about sponsorship and employment status. Which statement should control?

Correct Answer

B) Colorado directs consumers and requesters to NMLS Consumer Access for mortgage loan originator employment history and dates of licensure.

Colorado directs consumers and requesters to NMLS Consumer Access for mortgage loan originator employment history and dates of licensure.

Answer Options
A
Close or renew first, then decide whether the branch onboarding review needs a compliance correction.
B
Colorado directs consumers and requesters to NMLS Consumer Access for mortgage loan originator employment history and dates of licensure.
C
Proceed before the required Colorado license, sponsorship, disclosure, record, or approval is in place.
D
Use an informal manager exception without updating the license, file, or required record.

Why This Is the Correct Answer

Colorado directs consumers and requesters to NMLS Consumer Access for mortgage loan originator employment history and dates of licensure.

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