A mortgage company asks an operations lead to validate a Georgia loan-originator transfer involving licensing and NMLS authority. Which statement is reliable?
Correct Answer
D) Georgia requires all written notices under O.C.G.A. Sections 7-1-1007(a), 7-1-1007(d), and Rule 80-11-1-.07 to be submitted to DBF through NMLSR as state-specific documents beginning with the file name Georgia Required Written Notice.
Georgia requires all written notices under O.C.G.A. Sections 7-1-1007(a), 7-1-1007(d), and Rule 80-11-1-.07 to be submitted to DBF through NMLSR as state-specific documents beginning with the file name Georgia Required Written Notice.
Why This Is the Correct Answer
Georgia requires all written notices under O.C.G.A. Sections 7-1-1007(a), 7-1-1007(d), and Rule 80-11-1-.07 to be submitted to DBF through NMLSR as state-specific documents beginning with the file name Georgia Required Written Notice.
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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