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In a Kentucky remote-work procedure, a branch supervisor sees a compliance issue involving licensing and NMLS authority. What should the file reflect?

Correct Answer

A) Kentucky DFI Mortgage Examination Branch examines licensed mortgage loan companies and mortgage loan brokers.

Kentucky DFI Mortgage Examination Branch examines licensed mortgage loan companies and mortgage loan brokers.

Answer Options
A
Kentucky DFI Mortgage Examination Branch examines licensed mortgage loan companies and mortgage loan brokers.
B
Use an informal manager exception without updating the license, file, or required record.
C
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
D
Use a consumer complaint response exception instead of satisfying the rule before activity continues.

Why This Is the Correct Answer

Kentucky DFI Mortgage Examination Branch examines licensed mortgage loan companies and mortgage loan brokers.

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