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A state compliance officer documents a Idaho company policy update and needs one rule for licensing and NMLS authority. Which statement belongs in the file?

Correct Answer

C) Idaho licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

Idaho licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

Answer Options
A
Use another jurisdiction's approval as a substitute for the Idaho requirement.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Idaho licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.
D
Assume another state's approval automatically satisfies the Idaho requirement.

Why This Is the Correct Answer

Idaho licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

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