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During an Idaho record-retention audit, an audit analyst must resolve a question about licensing and NMLS authority. Which statement should control?

Correct Answer

D) Idaho Department of Finance says approved licenses may be verified on the Department website or on NMLS Consumer Access.

Idaho Department of Finance says approved licenses may be verified on the Department website or on NMLS Consumer Access.

Answer Options
A
Skip documentation because the training scenario appears routine.
B
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
C
Continue the activity and document the issue only if a complaint is later filed.
D
Idaho Department of Finance says approved licenses may be verified on the Department website or on NMLS Consumer Access.

Why This Is the Correct Answer

Idaho Department of Finance says approved licenses may be verified on the Department website or on NMLS Consumer Access.

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