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For a Idaho new-license application, a compliance manager is training staff on licensing and NMLS authority. Which answer should be used?

Correct Answer

A) 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
Idaho licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.
B
Continue the activity and document the issue only if a complaint is later filed.
C
Let the MLO originate while waiting for the Idaho status, sponsorship, or renewal issue to be corrected.
D
Let production staff decide whether licensing and NMLS authority matters for the file.

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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