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For a Connecticut consumer complaint response, a licensing coordinator is training staff on licensing and NMLS authority. Which answer should be used?

Correct Answer

D) Connecticut mortgage licensing statutes define the individual loan originator and related mortgage license categories tested in Connecticut MLO compliance.

Connecticut mortgage licensing statutes define the individual loan originator and related mortgage license categories tested in Connecticut MLO compliance.

Answer Options
A
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
B
Use a remote-work procedure exception instead of satisfying the rule before activity continues.
C
Close or renew first, then decide whether the remote-work procedure needs a compliance correction.
D
Connecticut mortgage licensing statutes define the individual loan originator and related mortgage license categories tested in Connecticut MLO compliance.

Why This Is the Correct Answer

Connecticut mortgage licensing statutes define the individual loan originator and related mortgage license categories tested in Connecticut MLO compliance.

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