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A file reviewer is checking whether a Idaho process satisfies requirements for SAFE testing. Which statement is accurate?

Correct Answer

A) Idaho Department of Finance directs MLO applicants to the Idaho MLO new application checklist on the NMLS Resource Center and says all mortgage licensing and testing is handled through NMLS.

Idaho Department of Finance directs MLO applicants to the Idaho MLO new application checklist on the NMLS Resource Center and says all mortgage licensing and testing is handled through NMLS.

Answer Options
A
Idaho Department of Finance directs MLO applicants to the Idaho MLO new application checklist on the NMLS Resource Center and says all mortgage licensing and testing is handled through NMLS.
B
Use only the federal baseline and ignore the separate Idaho state requirement.
C
Apply the rule only after the Idaho regulator has already opened an examination.
D
Skip the Idaho requirement because the company already follows general SAFE Act procedures.

Why This Is the Correct Answer

Idaho Department of Finance directs MLO applicants to the Idaho MLO new application checklist on the NMLS Resource Center and says all mortgage licensing and testing is handled through NMLS.

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