EstatePass
USTmedium11% of exam

In a Louisiana new-license application, a sponsorship reviewer sees a compliance issue involving licensing and NMLS authority. What should the file reflect?

Correct Answer

C) Louisiana NMLS checklist covers the Louisiana mortgage broker, lender, and servicer license and directs applicants to OFI for assistance.

Louisiana NMLS checklist covers the Louisiana mortgage broker, lender, and servicer license and directs applicants to OFI for assistance.

Answer Options
A
Apply the rule only after the Louisiana regulator has already opened an examination.
B
Skip the Louisiana requirement because the company already follows general SAFE Act procedures.
C
Louisiana NMLS checklist covers the Louisiana mortgage broker, lender, and servicer license and directs applicants to OFI for assistance.
D
Treat sponsorship and employment status as optional because the company has a general Louisiana compliance policy.

Why This Is the Correct Answer

Louisiana NMLS checklist covers the Louisiana mortgage broker, lender, and servicer license and directs applicants to OFI for assistance.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing