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A Mississippi file is paused during a training scenario because of licensing and NMLS authority. Which statement clears the compliance question?

Correct Answer

D) Mississippi mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

Mississippi mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

Answer Options
A
Postpone the Mississippi licensing and NMLS authority issue until the next annual review.
B
Use only the federal baseline and ignore the separate Mississippi state requirement.
C
Apply the rule only after the Mississippi regulator has already opened an examination.
D
Mississippi mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

Why This Is the Correct Answer

Mississippi mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

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