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In a Pennsylvania loan-originator transfer, a branch supervisor sees a compliance issue involving licensing and NMLS authority. What should the file reflect?

Correct Answer

D) Pennsylvania DoBS says mortgage licensees include mortgage lenders, brokers, mortgage servicers, loan originators, and mortgage consumer discount companies.

Pennsylvania DoBS says mortgage licensees include mortgage lenders, brokers, mortgage servicers, loan originators, and mortgage consumer discount companies.

Answer Options
A
Assume the Pennsylvania requirement does not apply to this advertising approval.
B
Treat licensing and NMLS authority as satisfied by borrower consent alone.
C
Delay the Pennsylvania requirement until after the loan closes or the renewal period ends.
D
Pennsylvania DoBS says mortgage licensees include mortgage lenders, brokers, mortgage servicers, loan originators, and mortgage consumer discount companies.

Why This Is the Correct Answer

Pennsylvania DoBS says mortgage licensees include mortgage lenders, brokers, mortgage servicers, loan originators, and mortgage consumer discount companies.

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