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An operations lead compares company policy with New Mexico requirements during a state-law refresher. Which statement fits licensing and NMLS authority?

Correct Answer

C) New Mexico licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

New Mexico licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

Answer Options
A
Skip the New Mexico requirement because the company already follows general SAFE Act procedures.
B
Treat licensing and NMLS authority as optional because the company has a general New Mexico compliance policy.
C
New Mexico licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.
D
Postpone the New Mexico licensing and NMLS authority issue until the next annual review.

Why This Is the Correct Answer

New Mexico licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

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