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A state compliance officer handling a New Mexico mortgage operations checklist needs the compliant answer for continuing education and renewal. What should the reviewer choose?

Correct Answer

B) New Mexico mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

New Mexico mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

Answer Options
A
Treat consumer consent as a cure for a prohibited or missing compliance step.
B
New Mexico mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.
C
Treat the timing or filing requirement as optional if the transaction appears low risk.
D
Assume the New Mexico requirement does not apply to this MLO sponsorship update.

Why This Is the Correct Answer

New Mexico mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

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