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A Missouri file is paused during a mortgage operations checklist because of licensing and NMLS authority. Which statement clears the compliance question?

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
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
B
Use another jurisdiction's approval as a substitute for the Missouri requirement.
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 requirement as waived because the borrower or employer agrees.

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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