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A branch manager is comparing company policy with Florida rules on temporary authority. Which statement is correct?

Correct Answer

D) Florida temporary authority, inactive status, and sponsorship concepts must be applied through NMLS/OFR status rules; filing an application alone is not blanket permission to originate.

Florida temporary authority, inactive status, and sponsorship concepts must be applied through NMLS/OFR status rules; filing an application alone is not blanket permission to originate.

Answer Options
A
Skip the Florida requirement because the company already follows general SAFE Act procedures.
B
Treat temporary authority as optional because the company has a general Florida compliance policy.
C
Postpone the Florida temporary authority issue until the next annual review.
D
Florida temporary authority, inactive status, and sponsorship concepts must be applied through NMLS/OFR status rules; filing an application alone is not blanket permission to originate.

Why This Is the Correct Answer

Florida temporary authority, inactive status, and sponsorship concepts must be applied through NMLS/OFR status rules; filing an application alone is not blanket permission to originate.

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