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A compliance manager documents a Idaho supervisory file review and needs one rule for continuing education and renewal. Which statement belongs in the file?

Correct Answer

D) Idaho mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

Idaho mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

Answer Options
A
Use an informal manager exception without updating the license, file, or required record.
B
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
C
Use an MLO sponsorship update exception instead of satisfying the rule before activity continues.
D
Idaho mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

Why This Is the Correct Answer

Idaho mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

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