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A state compliance officer is updating Kentucky procedures for state-law refresher and flags licensing and NMLS authority. Which answer is accurate?

Correct Answer

D) Kentucky license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.

Kentucky license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.

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 a new-license application exception instead of satisfying the rule before activity continues.
D
Kentucky license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.

Why This Is the Correct Answer

Kentucky license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.

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