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For Delaware MLO licensing, what does it mean that NMLS may act as a “channeling agent”?

Correct Answer

A) NMLS may route criminal history and other application information between the Commissioner and federal or other governmental agencies

Delaware Code authorizes the Commissioner to use NMLS as a channeling agent for information from or to federal and governmental agencies.

Answer Options
A
NMLS may route criminal history and other application information between the Commissioner and federal or other governmental agencies
B
NMLS replaces all Delaware statutory standards
C
NMLS decides every Delaware enforcement hearing
D
NMLS waives Delaware background checks

Why This Is the Correct Answer

Delaware Code authorizes the Commissioner to use NMLS as a channeling agent for information from or to federal and governmental agencies.

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