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

Correct Answer

D) Connecticut licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

Connecticut licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

Answer Options
A
Treat licensing and NMLS authority as satisfied by borrower consent alone.
B
Delay the Connecticut requirement until after the loan closes or the renewal period ends.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Connecticut licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

Why This Is the Correct Answer

Connecticut licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

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