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A supervisor wants to avoid a Mississippi licensing error related to SAFE testing. Which statement is safest to rely on?

Correct Answer

A) 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
Mississippi DBCF says all mortgage licensing is handled through NMLS and all types of applications for Mississippi residential-property business are completed through NMLS.
B
Use a supervisory file review exception instead of satisfying the rule before activity continues.
C
Close or renew first, then decide whether the supervisory file review needs a compliance correction.
D
Proceed before the required Mississippi license, sponsorship, disclosure, record, or approval is in place.

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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