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For a Kentucky company policy update, a training manager is training staff on licensing and NMLS authority. Which answer should be used?

Correct Answer

D) Kentucky consumers can use the state regulator complaint process or NMLS Consumer Access when checking mortgage licensing or reporting mortgage issues.

Kentucky consumers can use the state regulator complaint process or NMLS Consumer Access when checking mortgage licensing or reporting mortgage issues.

Answer Options
A
Assume the Kentucky requirement does not apply to this training scenario.
B
Treat licensing and NMLS authority as satisfied by borrower consent alone.
C
Delay the Kentucky requirement until after the loan closes or the renewal period ends.
D
Kentucky consumers can use the state regulator complaint process or NMLS Consumer Access when checking mortgage licensing or reporting mortgage issues.

Why This Is the Correct Answer

Kentucky consumers can use the state regulator complaint process or NMLS Consumer Access when checking mortgage licensing or reporting mortgage issues.

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