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a New Jersey compliance file raises a continuing education and renewal question involving MLO application materials concerning the New Jersey State Police criminal history record check and any disclosure-question yes response. Which statement is supported by the state rule?

Correct Answer

B) New Jersey requires the specified mortgage records, reports, notices, or files to be kept and made available as the state rule requires.

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
Apply the secondary-market delivery timing rule even though the file is testing Uniform State Content licensing education testing renewal.
B
New Jersey requires the specified mortgage records, reports, notices, or files to be kept and made available as the state rule requires.
C
Treat the file as complete without the required licensing documentation.
D
Delay the correction until after approval, closing, or a later complaint.

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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