Finance
Under the SAFE Act, mortgage loan originators in Colorado must be licensed through:
ALicensed brokers or attorneys only
BThe Nationwide Multistate Licensing System (NMLS)✓ Correct
CThe Colorado Bankers Association
DThe Federal Reserve Bank of Kansas City
Explanation
The federal SAFE Act requires mortgage loan originators to be licensed through NMLS. Colorado's Division of Real Estate oversees state-licensed MLOs under the Colorado Mortgage Loan Originator Licensing Act.
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