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In a Idaho mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?

Correct Answer

D) Idaho public license status and regulator information should be checked through NMLS Consumer Access or official state regulator channels, not by relying only on advertisements or business cards.

Idaho public license status and regulator information should be checked through NMLS Consumer Access or official state regulator channels, not by relying only on advertisements or business cards.

Answer Options
A
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
B
Use a regulator exam preparation exception instead of satisfying the rule before activity continues.
C
Close or renew first, then decide whether the regulator exam preparation needs a compliance correction.
D
Idaho public license status and regulator information should be checked through NMLS Consumer Access or official state regulator channels, not by relying only on advertisements or business cards.

Why This Is the Correct Answer

Idaho public license status and regulator information should be checked through NMLS Consumer Access or official state regulator channels, not by relying only on advertisements or business cards.

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