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For a Connecticut company policy update, a state compliance officer is training staff on licensing and NMLS authority. Which answer should be used?

Correct Answer

D) 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
Use only the federal baseline and ignore the separate Connecticut state requirement.
B
Apply the rule only after the Connecticut regulator has already opened an examination.
C
Skip the Connecticut requirement because the company already follows general SAFE Act procedures.
D
Connecticut DOB instructs consumers to use NMLS Consumer Access to confirm that a company or individual is licensed to do business in Connecticut.

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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