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A branch supervisor compares company policy with Missouri requirements during a loan-originator transfer. Which statement fits licensing and NMLS authority?

Correct Answer

C) 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
Assume the Missouri requirement does not apply to this MLO sponsorship update.
B
Treat licensing and NMLS authority as satisfied by borrower consent alone.
C
Missouri Division of Finance enforcement includes licensing and investigative powers over residential mortgage brokers and mortgage originators.
D
Delay the Missouri requirement until after the loan closes or the renewal period ends.

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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