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an Idaho compliance file raises a scope, definitions, and exemptions question involving Department of Finance says approved licenses may be verified on the Department website or on NMLS Consumer Access. Which statement is supported by the state rule?

Correct Answer

B) Idaho Department of Finance says approved licenses may be verified on the Department website or on NMLS Consumer Access.

Idaho Department of Finance says approved licenses may be verified on the Department website or on NMLS Consumer Access.

Answer Options
A
Allow the activity whenever the individual has general mortgage experience.
B
Idaho Department of Finance says approved licenses may be verified on the Department website or on NMLS Consumer Access.
C
Treat company licensing alone as enough for every individual MLO activity.
D
Ignore the state condition if the consumer file is otherwise complete.

Why This Is the Correct Answer

Idaho Department of Finance says approved licenses may be verified on the Department website or on NMLS Consumer Access.

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