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Before approving the advertising approval, a New Mexico branch supervisor checks licensing and NMLS authority. Which conclusion is best supported?

Correct Answer

A) 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
New Mexico Financial Institutions Division and the Mortgage Loan Originator Licensing Act provide the source basis for license discipline and enforcement questions.
B
Apply the New Mexico rule only to company licenses and never to individual MLO activity.
C
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
D
Use another jurisdiction's approval as a substitute for the New Mexico requirement.

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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