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A lender preparing a Mississippi loan-originator transfer asks a renewal specialist about licensing and NMLS authority. Which response should be followed?

Correct Answer

C) Mississippi DBCF says NMLS lets licensees amend, update, renew, or surrender licenses throughout the year.

Mississippi DBCF says NMLS lets licensees amend, update, renew, or surrender licenses throughout the year.

Answer Options
A
Skip the Mississippi requirement because the company already follows general SAFE Act procedures.
B
Treat continuing education and renewal as optional because the company has a general Mississippi compliance policy.
C
Mississippi DBCF says NMLS lets licensees amend, update, renew, or surrender licenses throughout the year.
D
Postpone the Mississippi continuing education and renewal issue until the next annual review.

Why This Is the Correct Answer

Mississippi DBCF says NMLS lets licensees amend, update, renew, or surrender licenses throughout the year.

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