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

Correct Answer

D) Missouri Division of Finance provides NMLS-related mortgage licensing forms and requirements for originators and companies.

Missouri Division of Finance provides NMLS-related mortgage licensing forms and requirements for originators and companies.

Answer Options
A
Use an informal manager exception without updating the license, file, or required record.
B
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
C
Use a loan-originator transfer exception instead of satisfying the rule before activity continues.
D
Missouri Division of Finance provides NMLS-related mortgage licensing forms and requirements for originators and companies.

Why This Is the Correct Answer

Missouri Division of Finance provides NMLS-related mortgage licensing forms and requirements for originators and companies.

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