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In a Connecticut advertising approval, a quality-control reviewer sees a compliance issue involving licensing and NMLS authority. What should the file reflect?

Correct Answer

D) Connecticut mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

Connecticut mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

Answer Options
A
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
B
Continue the activity and document the issue only if a complaint is later filed.
C
Let the MLO originate while waiting for the Connecticut status, sponsorship, or renewal issue to be corrected.
D
Connecticut mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

Why This Is the Correct Answer

Connecticut mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

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