A mortgage company asks a training manager to validate a Virginia company policy update involving licensing and NMLS authority. Which statement is reliable?
Correct Answer
C) Virginia branch, office, or remote-work activity must follow state approval and control rules.
Virginia defines an office as a location where a licensee makes or brokers Virginia mortgage loans, advertises that activity, or maintains Virginia mortgage loan records, but a remote location is not an office if statutory remote-work requirements are met.
Why This Is the Correct Answer
Virginia defines an office as a location where a licensee makes or brokers Virginia mortgage loans, advertises that activity, or maintains Virginia mortgage loan records, but a remote location is not an office if statutory remote-work requirements are met.
More UST Questions
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