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In an Iowa mortgage operations checklist, a state compliance officer sees a compliance issue involving continuing education and renewal. What should the file reflect?

Correct Answer

D) Iowa Division of Banking is the official state regulator source used for Iowa mortgage loan originator or mortgage licensing questions in this batch.

Iowa Division of Banking is the official state regulator source used for Iowa mortgage loan originator or mortgage licensing questions in this batch.

Answer Options
A
Use only the federal baseline and ignore the separate Iowa state requirement.
B
Apply the rule only after the Iowa regulator has already opened an examination.
C
Skip the Iowa requirement because the company already follows general SAFE Act procedures.
D
Iowa Division of Banking is the official state regulator source used for Iowa mortgage loan originator or mortgage licensing questions in this batch.

Why This Is the Correct Answer

Iowa Division of Banking is the official state regulator source used for Iowa mortgage loan originator or mortgage licensing questions in this batch.

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