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A Massachusetts branch supervisor reviews a training worksheet about Massachusetts prohibits conducting covered business without required before submission. What should the file reflect?

Correct Answer

A) Massachusetts prohibits conducting covered business without a required valid license and prohibits assisting, aiding, or abetting another person in covered business without a required valid license.

Massachusetts prohibits conducting covered business without a required valid license and prohibits assisting, aiding, or abetting another person in covered business without a required valid license.

Answer Options
A
Massachusetts prohibits conducting covered business without a required valid license and prohibits assisting, aiding, or abetting another person in covered business without a required valid license.
B
Treat licensing and NMLS authority as satisfied by borrower consent alone.
C
Delay the Massachusetts requirement until after the loan closes or the renewal period ends.
D
Treat consumer consent as a cure for a prohibited or missing compliance step.

Why This Is the Correct Answer

Massachusetts prohibits conducting covered business without a required valid license and prohibits assisting, aiding, or abetting another person in covered business without a required valid license.

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