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A mortgage company asks a licensing coordinator to validate a Mississippi company policy update involving licensing and NMLS authority. Which statement is reliable?

Correct Answer

C) Mississippi DBCF is the official regulator and consumer-protection source for Mississippi mortgage licensing and supervision.

Mississippi DBCF is the official regulator and consumer-protection source for Mississippi mortgage licensing and supervision.

Answer Options
A
Use another jurisdiction's approval as a substitute for the Mississippi requirement.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Mississippi DBCF is the official regulator and consumer-protection source for Mississippi mortgage licensing and supervision.
D
Assume another state's approval automatically satisfies the Mississippi requirement.

Why This Is the Correct Answer

Mississippi DBCF is the official regulator and consumer-protection source for Mississippi mortgage licensing and supervision.

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