EstatePass
USTmedium11% of exam

A Missouri renewal specialist is reviewing a disciplinary-risk review tied to licensing and NMLS authority. Which rule should be applied?

Correct Answer

B) Missouri residential mortgage originator licensing applies to owners of mortgage broker companies when they interact with consumers in processing mortgage applications.

Missouri residential mortgage originator licensing applies to owners of mortgage broker companies when they interact with consumers in processing mortgage applications.

Answer Options
A
Apply the Missouri rule only to company licenses and never to individual MLO activity.
B
Missouri residential mortgage originator licensing applies to owners of mortgage broker companies when they interact with consumers in processing mortgage applications.
C
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record.
D
Use another jurisdiction's approval as a substitute for the Missouri requirement.

Why This Is the Correct Answer

Missouri residential mortgage originator licensing applies to owners of mortgage broker companies when they interact with consumers in processing mortgage applications.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing