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Before approving the loan-originator transfer, a Pennsylvania renewal specialist checks licensing and NMLS authority. Which conclusion is best supported?

Correct Answer

A) Pennsylvania DoBS states its Non-Depository Licensing Office does not issue license or registration certificates, and licensees or registrants can print state license information from NMLS Consumer Access.

Pennsylvania DoBS states its Non-Depository Licensing Office does not issue license or registration certificates, and licensees or registrants can print state license information from NMLS Consumer Access.

Answer Options
A
Pennsylvania DoBS states its Non-Depository Licensing Office does not issue license or registration certificates, and licensees or registrants can print state license information from NMLS Consumer Access.
B
Proceed before the required Pennsylvania license, sponsorship, disclosure, record, or approval is in place.
C
Use an informal manager exception without updating the license, file, or required record.
D
Use a verbal explanation instead of the required license status, disclosure, record, or filing.

Why This Is the Correct Answer

Pennsylvania DoBS states its Non-Depository Licensing Office does not issue license or registration certificates, and licensees or registrants can print state license information from NMLS Consumer Access.

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