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Before approving the consumer complaint response, a New Mexico policy analyst checks licensing and NMLS authority. Which conclusion is best supported?

Correct Answer

C) New Mexico unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

New Mexico unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Answer Options
A
Assume the New Mexico requirement does not apply to this NMLS filing review.
B
Treat licensing and NMLS authority as satisfied by borrower consent alone.
C
New Mexico unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.
D
Delay the New Mexico requirement until after the loan closes or the renewal period ends.

Why This Is the Correct Answer

New Mexico unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

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