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During a Georgia state-law refresher, a training manager must resolve a question about licensing and NMLS authority. Which statement should control?

Correct Answer

A) Georgia DBF uses NMLS to license and manage mortgage brokers and mortgage lenders, and consumers can verify Georgia authority through NMLS Consumer Access.

Georgia DBF uses NMLS to license and manage mortgage brokers and mortgage lenders, and consumers can verify Georgia authority through NMLS Consumer Access.

Answer Options
A
Georgia DBF uses NMLS to license and manage mortgage brokers and mortgage lenders, and consumers can verify Georgia authority through NMLS Consumer Access.
B
Close or renew first, then decide whether the loan-originator transfer needs a compliance correction.
C
Proceed before the required Georgia license, sponsorship, disclosure, record, or approval is in place.
D
Use an informal manager exception without updating the license, file, or required record.

Why This Is the Correct Answer

Georgia DBF uses NMLS to license and manage mortgage brokers and mortgage lenders, and consumers can verify Georgia authority through NMLS Consumer Access.

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