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During a North Dakota state-law refresher, a policy analyst must resolve a question about licensing and NMLS authority. Which statement should control?

Correct Answer

C) North Dakota public license status and regulator information should be checked through NMLS Consumer Access or official state regulator channels, not by relying only on advertisements or business cards.

North Dakota public license status and regulator information should be checked through NMLS Consumer Access or official state regulator channels, not by relying only on advertisements or business cards.

Answer Options
A
North Dakota: State enforcement is limited to informal warnings and cannot affect license status.
B
North Dakota: Consumers must rely only on business cards or advertisements to verify license status.
C
North Dakota public license status and regulator information should be checked through NMLS Consumer Access or official state regulator channels, not by relying only on advertisements or business cards.
D
North Dakota: Unlicensed mortgage activity becomes lawful if the transaction later closes without consumer loss.

Why This Is the Correct Answer

North Dakota public license status and regulator information should be checked through NMLS Consumer Access or official state regulator channels, not by relying only on advertisements or business cards.

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