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During a New York disciplinary-risk review, a licensing coordinator must resolve a question about continuing education and renewal. Which statement should control?

Correct Answer

C) New York DFS accepts new mortgage loan originator applications through NMLS under Article 12-E of the New York Banking Law.

New York DFS accepts new mortgage loan originator applications through NMLS under Article 12-E of the New York Banking Law.

Answer Options
A
Apply the rule only after the New York regulator has already opened an examination.
B
Skip the New York requirement because the company already follows general SAFE Act procedures.
C
New York DFS accepts new mortgage loan originator applications through NMLS under Article 12-E of the New York Banking Law.
D
Treat continuing education and renewal as optional because the company has a general New York compliance policy.

Why This Is the Correct Answer

New York DFS accepts new mortgage loan originator applications through NMLS under Article 12-E of the New York Banking Law.

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