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An operations lead compares company policy with Missouri requirements during an advertising approval. Which statement fits licensing and NMLS authority?

Correct Answer

D) 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
Treat licensing and NMLS authority as satisfied by borrower consent alone.
B
Delay the Missouri requirement until after the loan closes or the renewal period ends.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Missouri MLO licensure and residential mortgage broker law is administered by the Missouri Division of Finance under sections 443.701 to 443.893.

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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