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For a Kentucky consumer complaint response, a policy analyst is training staff on licensing and NMLS authority. Which answer should be used?

Correct Answer

C) 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
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
B
Use another jurisdiction's approval as a substitute for the Kentucky requirement.
C
Kentucky license status for mortgage companies or individuals can be verified through NMLS Consumer Access or the state regulator's license-lookup channel.
D
Treat the requirement as waived because the borrower or employer agrees.

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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