A mortgage company asks a training manager to validate a North Dakota supervisory file review involving licensing and NMLS authority. Which statement is reliable?
Correct Answer
D) North Dakota Department of Financial Institutions may take enforcement action for violations of North Dakota mortgage licensing laws, rules, orders, or NMLS requirements.
North Dakota Department of Financial Institutions may take enforcement action for violations of North Dakota mortgage licensing laws, rules, orders, or NMLS requirements.
Why This Is the Correct Answer
North Dakota Department of Financial Institutions may take enforcement action for violations of North Dakota mortgage licensing laws, rules, orders, or NMLS requirements.
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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