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A Missouri file is paused during a record-retention audit because of licensing and NMLS authority. Which statement clears the compliance question?

Correct Answer

A) Missouri Division of Finance enforcement includes licensing and investigative powers over residential mortgage brokers and mortgage originators.

Missouri Division of Finance enforcement includes licensing and investigative powers over residential mortgage brokers and mortgage originators.

Answer Options
A
Missouri Division of Finance enforcement includes licensing and investigative powers over residential mortgage brokers and mortgage originators.
B
Use another jurisdiction's approval as a substitute for the Missouri requirement.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Assume another state's approval automatically satisfies the Missouri requirement.

Why This Is the Correct Answer

Missouri Division of Finance enforcement includes licensing and investigative powers over residential mortgage brokers and mortgage originators.

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