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In a Mississippi NMLS filing review, a licensing coordinator sees a compliance issue involving licensing and NMLS authority. What should the file reflect?

Correct Answer

D) Mississippi unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Mississippi unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Answer Options
A
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
B
Use a regulator exam preparation exception instead of satisfying the rule before activity continues.
C
Close or renew first, then decide whether the regulator exam preparation needs a compliance correction.
D
Mississippi unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Why This Is the Correct Answer

Mississippi unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

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