EstatePass
USTmedium11% of exam

A mortgage company asks an operations lead to validate an Idaho new-license application involving licensing and NMLS authority. Which statement is reliable?

Correct Answer

B) 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
Treat the requirement as waived because the borrower or employer agrees.
B
Idaho mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.
C
Assume another state's approval automatically satisfies the Idaho requirement.
D
Apply the Idaho rule only to company licenses and never to individual MLO activity.

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.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing