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An audit analyst compares company policy with Connecticut requirements during a training scenario. Which statement fits licensing and NMLS authority?

Correct Answer

D) Connecticut unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Connecticut unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Answer Options
A
Skip documentation because the branch onboarding review appears routine.
B
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
C
Continue the activity and document the issue only if a complaint is later filed.
D
Connecticut unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Why This Is the Correct Answer

Connecticut unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

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