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A quality-control reviewer handling a Rhode Island advertising approval needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

A) Rhode Island state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

Rhode Island state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

Answer Options
A
Rhode Island state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.
B
Let the MLO originate while waiting for the Rhode Island status, sponsorship, or renewal issue to be corrected.
C
Let production staff decide whether licensing and NMLS authority matters for the file.
D
Skip documentation because the new-license application appears routine.

Why This Is the Correct Answer

Rhode Island state mortgage licensing can require review of owners, officers, control persons, qualifying individuals, managers, or responsible persons for company applicants.

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