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A loan file reviewer is updating Hawaii procedures for regulator exam preparation and flags licensing and NMLS authority. Which answer is accurate?

Correct Answer

A) Hawaii consumers can use the state regulator complaint process or NMLS Consumer Access when checking mortgage licensing or reporting mortgage issues.

Hawaii consumers can use the state regulator complaint process or NMLS Consumer Access when checking mortgage licensing or reporting mortgage issues.

Answer Options
A
Hawaii consumers can use the state regulator complaint process or NMLS Consumer Access when checking mortgage licensing or reporting mortgage issues.
B
Assume the Hawaii requirement does not apply to this new-license application.
C
Treat licensing and NMLS authority as satisfied by borrower consent alone.
D
Delay the Hawaii requirement until after the loan closes or the renewal period ends.

Why This Is the Correct Answer

Hawaii consumers can use the state regulator complaint process or NMLS Consumer Access when checking mortgage licensing or reporting mortgage issues.

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