An individual decides to begin the licensing process and obtains an NMLS
number. While he completes his licensing
requirements, and waits for licensing approval, he begins to use the NMLS
number. He has business cards printed
with the NMLS number on them, places the NMLS number on his email signature
block, and begins to advertise to solicit business. His purpose is to make sure that when he
becomes licensed, he has customers ready to apply for loans. He does not actually originate any
loans. Is this a legal or illegal
activity?
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