A lender preparing an Idaho training scenario asks a policy analyst about licensing and NMLS authority. Which response should be followed?
Correct Answer
A) Idaho Department of Finance says a Mortgage Loan Originator License is required for a natural person conducting residential mortgage origination, modification, independent contractor processing, or independent contractor underwriting activities in Idaho on behalf of authorized entities.
Idaho Department of Finance says a Mortgage Loan Originator License is required for a natural person conducting residential mortgage origination, modification, independent contractor processing, or independent contractor underwriting activities in Idaho on behalf of authorized entities.
Why This Is the Correct Answer
Idaho Department of Finance says a Mortgage Loan Originator License is required for a natural person conducting residential mortgage origination, modification, independent contractor processing, or independent contractor underwriting activities in Idaho on behalf of authorized entities.
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