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A lender preparing a Washington disciplinary-risk review asks a loan file reviewer about licensing and NMLS authority. Which response should be followed?

Correct Answer

A) Washington internet and electronic advertisements must show the company's NMLS name, company license number, and NMLS Consumer Access link on the primary landing page, and named loan originators' license numbers must closely follow their names.

Washington internet and electronic advertisements must show the company's NMLS name, company license number, and NMLS Consumer Access link on the primary landing page, and named loan originators' license numbers must closely follow their names.

Answer Options
A
Washington internet and electronic advertisements must show the company's NMLS name, company license number, and NMLS Consumer Access link on the primary landing page, and named loan originators' license numbers must closely follow their names.
B
Delay the Washington requirement until after the loan closes or the renewal period ends.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Treat the timing or filing requirement as optional if the transaction appears low risk.

Why This Is the Correct Answer

Washington internet and electronic advertisements must show the company's NMLS name, company license number, and NMLS Consumer Access link on the primary landing page, and named loan originators' license numbers must closely follow their names.

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