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A licensing coordinator documents an Ohio NMLS filing review and needs one rule for licensing and NMLS authority. Which statement belongs in the file?

Correct Answer

B) Ohio operations managers must receive sufficient authority to ensure daily operations comply with applicable state and federal mortgage laws, rules, and regulations.

Ohio operations managers must receive sufficient authority to ensure daily operations comply with applicable state and federal mortgage laws, rules, and regulations.

Answer Options
A
Continue the activity and document the issue only if a complaint is later filed.
B
Ohio operations managers must receive sufficient authority to ensure daily operations comply with applicable state and federal mortgage laws, rules, and regulations.
C
Let the MLO originate while waiting for the Ohio 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

Ohio operations managers must receive sufficient authority to ensure daily operations comply with applicable state and federal mortgage laws, rules, and regulations.

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