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A loan production team asks compliance about Mississippi SAFE testing. Which answer is the best guidance?

Correct Answer

B) Mississippi DBCF identifies NMLS as the online system for licensees to apply for, amend, update, renew, or surrender licenses.

Mississippi DBCF identifies NMLS as the online system for licensees to apply for, amend, update, renew, or surrender licenses.

Answer Options
A
Assume the Mississippi requirement does not apply to this annual compliance meeting.
B
Mississippi DBCF identifies NMLS as the online system for licensees to apply for, amend, update, renew, or surrender licenses.
C
Treat continuing education and renewal as satisfied by borrower consent alone.
D
Delay the Mississippi requirement until after the loan closes or the renewal period ends.

Why This Is the Correct Answer

Mississippi DBCF identifies NMLS as the online system for licensees to apply for, amend, update, renew, or surrender licenses.

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