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An operations lead compares company policy with Connecticut requirements during a consumer complaint response. Which statement fits licensing and NMLS authority?

Correct Answer

D) Connecticut Department of Banking has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

Connecticut Department of Banking has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

Answer Options
A
Use another jurisdiction's approval as a substitute for the Connecticut requirement.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Assume another state's approval automatically satisfies the Connecticut requirement.
D
Connecticut Department of Banking has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

Why This Is the Correct Answer

Connecticut Department of Banking has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

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