Example Two – One Yes Response, Two Events
An individual has twice previously been named in financial services-related consumer-initiated civil litigation (Event 1 and Event 2). Both lawsuits were settled for some amount.
About this task
In NMLS, the Individual would need to answer Question (P)(3), related to certain civil litigation, Yes. If the Individual chooses to explain this response in NMLS, he or she would complete a separate Explanation for each event as follows:
Important: Repeat the steps below for each event.
Procedure
- Select Add Explanation for “Yes” Responses on the Disclosure Explanations page.
- Provide a Brief Description of Explanation.
- Provide a Disposition. If Other, also provide Disposition Description.
- Provide an Explanation Detail.
- Select the box next to Question (P)(3)..
-
Select Browse and choose the supporting file from your
computer.
Note: A supporting file should be provided only if applicable.
- Select Save.
Results
A separate Explanation is listed on the Disclosure Explanations list page for each event.