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a New Mexico compliance file raises a scope, definitions, and exemptions question involving mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources. Which statement is supported by the state rule?

Correct Answer

B) 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
Allow the activity whenever the individual has general mortgage experience.
B
New Mexico mortgage licensing questions should be routed through NMLS and the New Mexico Financial Institutions Division licensing resources.
C
Treat company licensing alone as enough for every individual MLO activity.
D
Ignore the state condition if the consumer file is otherwise complete.

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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