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A lender preparing a Florida advertising approval asks a branch supervisor about licensing and NMLS authority. Which response should be followed?

Correct Answer

B) Florida mortgage broker advertisements and business names must be truthful, not misleading, and consistent with OFR/NMLS license information.

Florida mortgage broker advertisements and business names must be truthful, not misleading, and consistent with OFR/NMLS license information.

Answer Options
A
Use another jurisdiction's approval as a substitute for the Florida requirement.
B
Florida mortgage broker advertisements and business names must be truthful, not misleading, and consistent with OFR/NMLS license information.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Assume another state's approval automatically satisfies the Florida requirement.

Why This Is the Correct Answer

Florida mortgage broker advertisements and business names must be truthful, not misleading, and consistent with OFR/NMLS license information.

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