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A compliance manager handling a New York remote-work procedure needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

A) DFS mortgage banker and broker guidebooks require applicants and regulated entities to use NMLS/DFS procedures for licensing, registration, amendments, branch offices, fingerprints, and regulator filings.

DFS mortgage banker and broker guidebooks require applicants and regulated entities to use NMLS/DFS procedures for licensing, registration, amendments, branch offices, fingerprints, and regulator filings.

Answer Options
A
DFS mortgage banker and broker guidebooks require applicants and regulated entities to use NMLS/DFS procedures for licensing, registration, amendments, branch offices, fingerprints, and regulator filings.
B
Continue the activity and document the issue only if a complaint is later filed.
C
Let the MLO originate while waiting for the New York status, sponsorship, or renewal issue to be corrected.
D
Let production staff decide whether licensing and NMLS authority matters for the file.

Why This Is the Correct Answer

DFS mortgage banker and broker guidebooks require applicants and regulated entities to use NMLS/DFS procedures for licensing, registration, amendments, branch offices, fingerprints, and regulator filings.

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