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An Idaho file is paused during an NMLS filing review because of licensing and NMLS authority. Which statement clears the compliance question?

Correct Answer

B) Idaho Department of Finance may take enforcement action for violations of Idaho mortgage licensing laws, rules, orders, or NMLS requirements.

Idaho Department of Finance may take enforcement action for violations of Idaho mortgage licensing laws, rules, orders, or NMLS requirements.

Answer Options
A
Proceed before the required Idaho license, sponsorship, disclosure, record, or approval is in place.
B
Idaho Department of Finance may take enforcement action for violations of Idaho mortgage licensing laws, rules, orders, or NMLS requirements.
C
Use an informal manager exception without updating the license, file, or required record.
D
Use a verbal explanation instead of the required license status, disclosure, record, or filing.

Why This Is the Correct Answer

Idaho Department of Finance may take enforcement action for violations of Idaho mortgage licensing laws, rules, orders, or NMLS requirements.

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