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A procedure owner compares a supervisory file note with requirements in New Jersey for application and licensing qualifications. Which answer is defensible?

Correct Answer

A) New Jersey MLO applicants must complete the required NMLS/FBI and state Live Scan background checks.

New Jersey MLO applicants must submit fingerprints through NMLS for an FBI criminal history background check and complete a New Jersey State Police criminal history background check through the New Jersey Live Scan process.

Answer Options
A
New Jersey MLO applicants must complete the required NMLS/FBI and state Live Scan background checks.
B
Assume NMLS status alone answers the application and licensing qualifications question.
C
Keep only an informal supervisor note for a supervisory file note.
D
Wait for a regulator notice before applying the condition.

Why This Is the Correct Answer

New Jersey MLO applicants must submit fingerprints through NMLS for an FBI criminal history background check and complete a New Jersey State Police criminal history background check through the New Jersey Live Scan process.

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