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A licensing coordinator handling a New Mexico state-law refresher needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

B) New Mexico mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

New Mexico mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

Answer Options
A
Skip the New Mexico requirement because the company already follows general SAFE Act procedures.
B
New Mexico mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.
C
Treat licensing and NMLS authority as optional because the company has a general New Mexico compliance policy.
D
Postpone the New Mexico licensing and NMLS authority issue until the next annual review.

Why This Is the Correct Answer

New Mexico mortgage advertising and borrower-facing communications are subject to state mortgage law, regulator guidance, or NMLS identifier requirements.

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