A licensing coordinator is preparing a New Hampshire renewal checklist involving sponsorship and employment status. Which rule is correct?
Correct Answer
C) New Hampshire RSA 397-A:3 says an originator license is only in effect when the originator is employed or retained by a licensed mortgage banker, broker, servicer, or qualifying exempt entity filing through NMLS.
New Hampshire RSA 397-A:3 says an originator license is only in effect when the originator is employed or retained by a licensed mortgage banker, broker, servicer, or qualifying exempt entity filing through NMLS.
Why This Is the Correct Answer
New Hampshire RSA 397-A:3 says an originator license is only in effect when the originator is employed or retained by a licensed mortgage banker, broker, servicer, or qualifying exempt entity filing through NMLS.
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During a Vermont consumer complaint response, a training manager must resolve a question about licensing and NMLS authority. Which statement should control?
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For an Oregon record-retention audit, a policy analyst is training staff on sponsorship and employment status. Which answer should be used?