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A sponsorship reviewer handling a New Mexico disciplinary-risk review needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

D) New Mexico Financial Institutions Division and the Mortgage Loan Originator Licensing Act provide the source basis for license discipline and enforcement questions.

New Mexico Financial Institutions Division and the Mortgage Loan Originator Licensing Act provide the source basis for license discipline and enforcement questions.

Answer Options
A
Use an informal manager exception without updating the license, file, or required record.
B
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
C
Use a renewal checklist exception instead of satisfying the rule before activity continues.
D
New Mexico Financial Institutions Division and the Mortgage Loan Originator Licensing Act provide the source basis for license discipline and enforcement questions.

Why This Is the Correct Answer

New Mexico Financial Institutions Division and the Mortgage Loan Originator Licensing Act provide the source basis for license discipline and enforcement questions.

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