EstatePass
USThard11% of exam

During an Iowa new-license application, an audit analyst must resolve a question about continuing education and renewal. Which statement should control?

Correct Answer

C) 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 another state's approval automatically satisfies the Iowa requirement.
B
Apply the Iowa rule only to company licenses and never to individual MLO activity.
C
Iowa Division of Banking directs mortgage licensing applications and amendments through NMLS.
D
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record.

Why This Is the Correct Answer

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

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing