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A licensing coordinator handling a New Mexico new-license application needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

A) New Mexico mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.

New Mexico mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.

Answer Options
A
New Mexico mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.
B
Use an informal manager exception without updating the license, file, or required record.
C
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
D
Use a consumer complaint response exception instead of satisfying the rule before activity continues.

Why This Is the Correct Answer

New Mexico mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.

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