A Georgia file is paused during an NMLS filing review because of licensing and NMLS authority. Which statement clears the compliance question?
Correct Answer
A) In Georgia, an additional office outside a broker or lender main office does not require a separate license but does require branch approval if located in Georgia, and branches fall under the company license.
In Georgia, an additional office outside a broker or lender main office does not require a separate license but does require branch approval if located in Georgia, and branches fall under the company license.
Why This Is the Correct Answer
In Georgia, an additional office outside a broker or lender main office does not require a separate license but does require branch approval if located in Georgia, and branches fall under the company license.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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