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A licensing coordinator is updating Missouri procedures for company policy update and flags licensing and NMLS authority. Which answer is accurate?

Correct Answer

B) Missouri MLO licensure and residential mortgage broker law is administered by the Missouri Division of Finance under sections 443.701 to 443.893.

Missouri MLO licensure and residential mortgage broker law is administered by the Missouri Division of Finance under sections 443.701 to 443.893.

Answer Options
A
Apply the Missouri rule only to company licenses and never to individual MLO activity.
B
Missouri MLO licensure and residential mortgage broker law is administered by the Missouri Division of Finance under sections 443.701 to 443.893.
C
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
D
Use another jurisdiction's approval as a substitute for the Missouri requirement.

Why This Is the Correct Answer

Missouri MLO licensure and residential mortgage broker law is administered by the Missouri Division of Finance under sections 443.701 to 443.893.

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