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A lender preparing a Missouri state-law refresher asks a state compliance officer about licensing and NMLS authority. Which response should be followed?

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
Treat licensing and NMLS authority as optional because the company has a general Missouri compliance policy.
C
Postpone the Missouri licensing and NMLS authority issue until the next annual review.
D
Use only the federal baseline and ignore the separate Missouri state 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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