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An audit analyst documents a Connecticut advertising approval and needs one rule for licensing and NMLS authority. Which statement belongs in the file?

Correct Answer

B) Connecticut state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

Connecticut state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

Answer Options
A
Apply the rule only after the Connecticut regulator has already opened an examination.
B
Connecticut state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.
C
Skip the Connecticut requirement because the company already follows general SAFE Act procedures.
D
Treat licensing and NMLS authority as optional because the company has a general Connecticut compliance policy.

Why This Is the Correct Answer

Connecticut state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

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