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For a New Jersey record-retention audit, a licensing coordinator is training staff on continuing education and renewal. Which answer should be used?

Correct Answer

D) New Jersey MLO application materials concerning the New Jersey State Police criminal history record check and any disclosure-question yes response must be submitted to DOBI within 5 business days of the electronic NMLS submission.

New Jersey MLO application materials concerning the New Jersey State Police criminal history record check and any disclosure-question yes response must be submitted to DOBI within 5 business days of the electronic NMLS submission.

Answer Options
A
Use an informal manager exception without updating the license, file, or required record.
B
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
C
Use a branch onboarding review exception instead of satisfying the rule before activity continues.
D
New Jersey MLO application materials concerning the New Jersey State Police criminal history record check and any disclosure-question yes response must be submitted to DOBI within 5 business days of the electronic NMLS submission.

Why This Is the Correct Answer

New Jersey MLO application materials concerning the New Jersey State Police criminal history record check and any disclosure-question yes response must be submitted to DOBI within 5 business days of the electronic NMLS submission.

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