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A state compliance officer handling an Idaho supervisory file review needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

D) 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
Apply the Idaho rule only to company licenses and never to individual MLO activity.
B
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
C
Use another jurisdiction's approval as a substitute for the Idaho requirement.
D
Idaho licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

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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