Finance
Nebraska's Banking and Finance Department regulates mortgage brokers, requiring them to:
AMaintain a real estate license in addition to a mortgage license
BMeet licensing requirements including education, testing, and background checks under the Nebraska Mortgage Bankers Registration and Licensing Act✓ Correct
COperate only in partnership with licensed real estate brokers
DLimit their business to conventional loans only
Explanation
Nebraska mortgage brokers and loan officers are licensed by the Nebraska Department of Banking and Finance under the SAFE Act and Nebraska state law, requiring pre-license education, testing, and background checks.
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