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For a Florida disciplinary-risk review, a sponsorship reviewer is training staff on licensing and NMLS authority. Which answer should be used?

Correct Answer

D) Florida mortgage broker businesses must conduct mortgage broker activity through licensed loan originators or otherwise authorized persons and remain responsible for supervised activity.

Florida mortgage broker businesses must conduct mortgage broker activity through licensed loan originators or otherwise authorized persons and remain responsible for supervised activity.

Answer Options
A
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
B
Continue the activity and document the issue only if a complaint is later filed.
C
Let the MLO originate while waiting for the Florida status, sponsorship, or renewal issue to be corrected.
D
Florida mortgage broker businesses must conduct mortgage broker activity through licensed loan originators or otherwise authorized persons and remain responsible for supervised activity.

Why This Is the Correct Answer

Florida mortgage broker businesses must conduct mortgage broker activity through licensed loan originators or otherwise authorized persons and remain responsible for supervised activity.

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