A regulator-facing procedure for New Jersey operations addresses SAFE testing. Which answer reflects the requirement?
Correct Answer
A) New Jersey DOBI requires a mortgage loan originator license for any natural person who, for compensation or expected compensation, directly or indirectly takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.
New Jersey DOBI requires a mortgage loan originator license for any natural person who, for compensation or expected compensation, directly or indirectly takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.
Why This Is the Correct Answer
New Jersey DOBI requires a mortgage loan originator license for any natural person who, for compensation or expected compensation, directly or indirectly takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.
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