Final answer:
An applicant or licensee can dispute information in the NMLS by submitting a notice of correction with supporting details.
Step-by-step explanation:
An applicant or licensee may dispute the accuracy or completeness of any material information entered into and maintained by the National Mortgage Licensing System (NMLS) by submitting a notice of correction. This notice should include all the necessary details to substantiate the claim, such as documents or explanations that support the applicant's or licensee's perspective on why the information is incorrect or incomplete. The NMLS provides a formal process for managing such disputes, ensuring that the information it maintains is both accurate and reflective of the individual's professional record.