A mortgage company asks a compliance manager to validate a Kansas mortgage operations checklist involving licensing and NMLS authority. Which statement is reliable?
Correct Answer
B) Kansas Mortgage Business Act requires mortgage business involving loan origination to be conducted through a licensed mortgage company and a registered loan originator with a valid unique identifier.
Kansas Mortgage Business Act requires mortgage business involving loan origination to be conducted through a licensed mortgage company and a registered loan originator with a valid unique identifier.
Why This Is the Correct Answer
Kansas Mortgage Business Act requires mortgage business involving loan origination to be conducted through a licensed mortgage company and a registered loan originator with a valid unique identifier.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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