A mortgage company asks an operations lead to validate a New Jersey disciplinary-risk review involving sponsorship and employment status. Which statement is reliable?
Correct Answer
C) N.J.A.C. 3:15 applies to residential mortgage lenders, correspondent mortgage lenders, residential mortgage brokers, qualified individual licensees, mortgage loan originators, and persons whose activities require licensure under the RMLA.
N.J.A.C. 3:15 applies to residential mortgage lenders, correspondent mortgage lenders, residential mortgage brokers, qualified individual licensees, mortgage loan originators, and persons whose activities require licensure under the RMLA.
Why This Is the Correct Answer
N.J.A.C. 3:15 applies to residential mortgage lenders, correspondent mortgage lenders, residential mortgage brokers, qualified individual licensees, mortgage loan originators, and persons whose activities require licensure under the RMLA.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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