In a New York mortgage operations checklist, a compliance manager sees a compliance issue involving licensing and NMLS authority. What should the file reflect?
Correct Answer
B) New York Article 12-D regulates mortgage servicer registration and servicing activity, with exemptions for specified depository institutions and insurance companies as defined by statute and DFS guidance.
New York Article 12-D regulates mortgage servicer registration and servicing activity, with exemptions for specified depository institutions and insurance companies as defined by statute and DFS guidance.
Why This Is the Correct Answer
New York Article 12-D regulates mortgage servicer registration and servicing activity, with exemptions for specified depository institutions and insurance companies as defined by statute and DFS guidance.
More UST Questions
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