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A renewal specialist handling a New York disciplinary-risk review needs the compliant answer for continuing education and renewal. What should the reviewer choose?

Correct Answer

A) New York Article 12-E contains confidentiality and information-sharing rules for NMLS, DFS, and other regulator information connected to MLO licensing and enforcement.

New York Article 12-E contains confidentiality and information-sharing rules for NMLS, DFS, and other regulator information connected to MLO licensing and enforcement.

Answer Options
A
New York Article 12-E contains confidentiality and information-sharing rules for NMLS, DFS, and other regulator information connected to MLO licensing and enforcement.
B
Assume the New York requirement does not apply to this supervisory file review.
C
Treat continuing education and renewal as satisfied by borrower consent alone.
D
Delay the New York requirement until after the loan closes or the renewal period ends.

Why This Is the Correct Answer

New York Article 12-E contains confidentiality and information-sharing rules for NMLS, DFS, and other regulator information connected to MLO licensing and enforcement.

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