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A New Jersey file is paused during a training scenario because of licensing and NMLS authority. Which statement clears the compliance question?

Correct Answer

D) New Jersey RMLA application fees listed by DOBI are $1200 for a business entity, $1000 for a branch office, $500 for a qualified individual, and $150 for a mortgage loan originator, plus NMLS processing fees.

New Jersey RMLA application fees listed by DOBI are $1200 for a business entity, $1000 for a branch office, $500 for a qualified individual, and $150 for a mortgage loan originator, plus NMLS processing fees.

Answer Options
A
Assume another state's approval automatically satisfies the New Jersey requirement.
B
Apply the New Jersey rule only to company licenses and never to individual MLO activity.
C
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
D
New Jersey RMLA application fees listed by DOBI are $1200 for a business entity, $1000 for a branch office, $500 for a qualified individual, and $150 for a mortgage loan originator, plus NMLS processing fees.

Why This Is the Correct Answer

New Jersey RMLA application fees listed by DOBI are $1200 for a business entity, $1000 for a branch office, $500 for a qualified individual, and $150 for a mortgage loan originator, plus NMLS processing fees.

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