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A policy analyst is updating Florida procedures for company policy update and flags licensing and NMLS authority. Which answer is accurate?

Correct Answer

C) Florida mortgage broker businesses must use licensed loan originators for public loan-originator activity and should not pay unlicensed persons for activity that requires a license.

Florida mortgage broker businesses must use licensed loan originators for public loan-originator activity and should not pay unlicensed persons for activity that requires a license.

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
Florida mortgage broker businesses must use licensed loan originators for public loan-originator activity and should not pay unlicensed persons for activity that requires a license.
D
Let the MLO originate while waiting for the Florida status, sponsorship, or renewal issue to be corrected.

Why This Is the Correct Answer

Florida mortgage broker businesses must use licensed loan originators for public loan-originator activity and should not pay unlicensed persons for activity that requires a license.

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