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A loan file reviewer compares company policy with Missouri requirements during an advertising approval. Which statement fits licensing and NMLS authority?

Correct Answer

C) Missouri sections 443.701 to 443.893 give the Division of Finance licensing and investigative powers over residential mortgage brokers and mortgage originators.

Missouri sections 443.701 to 443.893 give the Division of Finance licensing and investigative powers over residential mortgage brokers and mortgage originators.

Answer Options
A
Delay the Missouri requirement until after the loan closes or the renewal period ends.
B
Treat consumer consent as a cure for a prohibited or missing compliance step.
C
Missouri sections 443.701 to 443.893 give the Division of Finance licensing and investigative powers over residential mortgage brokers and mortgage originators.
D
Treat the timing or filing requirement as optional if the transaction appears low risk.

Why This Is the Correct Answer

Missouri sections 443.701 to 443.893 give the Division of Finance licensing and investigative powers over residential mortgage brokers and mortgage originators.

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