a North Dakota compliance file raises a continuing education and renewal question involving MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act. Which statement is supported by the state rule?
Correct Answer
A) North Dakota testing requirements must be satisfied under the SAFE/NMLS rule before the license can be relied on.
North Dakota MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act licensing standards.
Why This Is the Correct Answer
North Dakota MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act licensing standards.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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