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A New York policy analyst is reviewing a consumer complaint response tied to continuing education and renewal. Which rule should be applied?

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
Skip the New York requirement because the company already follows general SAFE Act procedures.
B
Treat continuing education and renewal as optional because the company has a general New York compliance policy.
C
New York DFS accepts new mortgage loan originator applications through NMLS under Article 12-E of the New York Banking Law.
D
Postpone the New York continuing education and renewal issue until the next annual review.

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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