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During a Florida NMLS filing review, a quality-control reviewer must resolve a question about continuing education and renewal. Which statement should control?

Correct Answer

D) Florida loan originator licensing requires an application through NMLS, payment of required fees, fingerprints and criminal background checks, credit report authorization, education completion, testing, and regulator approval.

Florida loan originator licensing requires an application through NMLS, payment of required fees, fingerprints and criminal background checks, credit report authorization, education completion, testing, and regulator approval.

Answer Options
A
Close or renew first, then decide whether the regulator exam preparation needs a compliance correction.
B
Proceed before the required Florida license, sponsorship, disclosure, record, or approval is in place.
C
Use an informal manager exception without updating the license, file, or required record.
D
Florida loan originator licensing requires an application through NMLS, payment of required fees, fingerprints and criminal background checks, credit report authorization, education completion, testing, and regulator approval.

Why This Is the Correct Answer

Florida loan originator licensing requires an application through NMLS, payment of required fees, fingerprints and criminal background checks, credit report authorization, education completion, testing, and regulator approval.

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