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A mortgage lender is revising its Mississippi desk guide for SAFE testing. Which rule should remain in the guide?

Correct Answer

D) Mississippi DBCF says all mortgage licensing is handled through NMLS and all types of applications for Mississippi residential-property business are completed through NMLS.

Mississippi DBCF says all mortgage licensing is handled through NMLS and all types of applications for Mississippi residential-property business are completed through NMLS.

Answer Options
A
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
B
Use a record-retention audit exception instead of satisfying the rule before activity continues.
C
Close or renew first, then decide whether the record-retention audit needs a compliance correction.
D
Mississippi DBCF says all mortgage licensing is handled through NMLS and all types of applications for Mississippi residential-property business are completed through NMLS.

Why This Is the Correct Answer

Mississippi DBCF says all mortgage licensing is handled through NMLS and all types of applications for Mississippi residential-property business are completed through NMLS.

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