During a West Virginia new-license application, a sponsorship reviewer must resolve a question about licensing and NMLS authority. Which statement should control?
Correct Answer
A) West Virginia Code section 31-17A-3 says an individual may not engage in MLO business for a dwelling in West Virginia without first obtaining and maintaining annually a license unless exempt.
West Virginia Code section 31-17A-3 says an individual may not engage in MLO business for a dwelling in West Virginia without first obtaining and maintaining annually a license unless exempt.
Why This Is the Correct Answer
West Virginia Code section 31-17A-3 says an individual may not engage in MLO business for a dwelling in West Virginia without first obtaining and maintaining annually a license unless exempt.
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