During a West Virginia renewal checklist, a compliance manager must resolve a question about licensing and NMLS authority. Which statement should control?
Correct Answer
D) West Virginia mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.
West Virginia mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.
Why This Is the Correct Answer
West Virginia mortgage licensing violations may result in administrative orders, civil money penalties, restitution, cease-and-desist orders, or similar remedies as allowed by state law.
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In a Wisconsin training scenario, an operations lead sees a compliance issue involving licensing and NMLS authority. What should the file reflect?
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In a Pennsylvania new-license application, a branch supervisor sees a compliance issue involving continuing education and renewal. What should the file reflect?