When a licensee ends their relationship with a former employer, their status in NMLS will be updated to __________ until the new sponsorship request is accepted by the DFS.
Flip flashcard to reveal answer
The correct answer is...
Approved-Inactive
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Next card
Within __________ of the Department’s acceptance of a new sponsorship, the licensee must submit evidence of Surety Bond coverage.
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Previous card
The correct answer is...
ten days
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A _________ is a financial guarantee provided by a sponsoring entity to protect the borrower from potential losses caused by the actions of an MLO.
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Previous card
The correct answer is...
surety bond
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Question
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The correct answer is...
Answer
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question
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Answer
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question
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The correct answer is...
Answer DELETE "NEXT CARD" on the bottm right from the last flashcard
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1.2.13 Flashcard Review
Amanda Ukasick
Created on September 23, 2025
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Transcript
When a licensee ends their relationship with a former employer, their status in NMLS will be updated to __________ until the new sponsorship request is accepted by the DFS.
Flip flashcard to reveal answer
The correct answer is...
Approved-Inactive
Back to Question
Next card
Within __________ of the Department’s acceptance of a new sponsorship, the licensee must submit evidence of Surety Bond coverage.
Flip flashcard to reveal answer
Previous card
The correct answer is...
ten days
Next card
Back to Question
A _________ is a financial guarantee provided by a sponsoring entity to protect the borrower from potential losses caused by the actions of an MLO.
Flip flashcard to reveal answer
Previous card
The correct answer is...
surety bond
Back to Question
Question
Flip flashcard to reveal answer
Previous card
The correct answer is...
Answer
Next card
Back to Question
question
Flip flashcard to reveal answer
Previous card
The correct answer is...
Answer
Next card
Back to Question
question
Flip flashcard to reveal answer
Previous card
The correct answer is...
Answer DELETE "NEXT CARD" on the bottm right from the last flashcard
Back to Question