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In a New Mexico new-license application, a branch supervisor sees a compliance issue involving licensing and NMLS authority. What should the file reflect?

Correct Answer

A) New Mexico mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources.

New Mexico mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources.

Answer Options
A
New Mexico mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources.
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 remote-work procedure exception instead of satisfying the rule before activity continues.

Why This Is the Correct Answer

New Mexico mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources.

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