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A Connecticut operations lead is reviewing a new-license application tied to licensing and NMLS authority. Which rule should be applied?

Correct Answer

C) Connecticut DOB instructs consumers to use NMLS Consumer Access to confirm that a company or individual is licensed to do business in Connecticut.

Connecticut DOB instructs consumers to use NMLS Consumer Access to confirm that a company or individual is licensed to do business in Connecticut.

Answer Options
A
Treat consumer consent as a cure for a prohibited or missing compliance step.
B
Treat the timing or filing requirement as optional if the transaction appears low risk.
C
Connecticut DOB instructs consumers to use NMLS Consumer Access to confirm that a company or individual is licensed to do business in Connecticut.
D
Assume the Connecticut requirement does not apply to this supervisory file review.

Why This Is the Correct Answer

Connecticut DOB instructs consumers to use NMLS Consumer Access to confirm that a company or individual is licensed to do business in Connecticut.

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