EstatePass
USTeasy11% of exam

The compliance team in New Jersey asks a compliance manager to check an application package for application and licensing qualifications. Which answer matches the rule?

Correct Answer

C) 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
Apply a familiar federal rule and skip the application and licensing qualifications condition.
B
Assume company licensing cures the individual-file issue.
C
New Jersey MLO applicants must complete the required NMLS/FBI and state Live Scan background checks.
D
Use the compliance manager's informal note instead of the state rule.

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.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing