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A sponsorship reviewer documents an Iowa remote-work procedure and needs one rule for licensing and NMLS authority. Which statement belongs in the file?

Correct Answer

A) Iowa state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

Iowa state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

Answer Options
A
Iowa state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.
B
Treat sponsorship and employment status as optional because the company has a general Iowa compliance policy.
C
Postpone the Iowa sponsorship and employment status issue until the next annual review.
D
Use only the federal baseline and ignore the separate Iowa state requirement.

Why This Is the Correct Answer

Iowa state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

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