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An Idaho file is paused during a consumer complaint response because of continuing education and renewal. Which statement clears the compliance question?

Correct Answer

B) Idaho mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

Idaho mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

Answer Options
A
Postpone the Idaho continuing education and renewal issue until the next annual review.
B
Idaho mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.
C
Use only the federal baseline and ignore the separate Idaho state requirement.
D
Apply the rule only after the Idaho regulator has already opened an examination.

Why This Is the Correct Answer

Idaho mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

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