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A Connecticut quality-control reviewer is reviewing a remote-work procedure tied to licensing and NMLS authority. Which rule should be applied?

Correct Answer

D) Connecticut mortgage branch or additional-location authority is separate from individual MLO authority when the state requires branch/location licensing or registration.

Connecticut mortgage branch or additional-location authority is separate from individual MLO authority when the state requires branch/location licensing or registration.

Answer Options
A
Treat licensing and NMLS authority as optional because the company has a general Connecticut compliance policy.
B
Postpone the Connecticut licensing and NMLS authority issue until the next annual review.
C
Use only the federal baseline and ignore the separate Connecticut state requirement.
D
Connecticut mortgage branch or additional-location authority is separate from individual MLO authority when the state requires branch/location licensing or registration.

Why This Is the Correct Answer

Connecticut mortgage branch or additional-location authority is separate from individual MLO authority when the state requires branch/location licensing or registration.

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