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A branch supervisor compares company policy with Iowa requirements during a loan-originator transfer. Which statement fits licensing and NMLS authority?

Correct Answer

D) Iowa Division of Banking directs mortgage licensing applications and amendments through NMLS.

Iowa Division of Banking directs mortgage licensing applications and amendments through NMLS.

Answer Options
A
Assume the Iowa requirement does not apply to this state-law refresher.
B
Treat licensing and NMLS authority as satisfied by borrower consent alone.
C
Delay the Iowa requirement until after the loan closes or the renewal period ends.
D
Iowa Division of Banking directs mortgage licensing applications and amendments through NMLS.

Why This Is the Correct Answer

Iowa Division of Banking directs mortgage licensing applications and amendments through NMLS.

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