A mortgage lender is revising its Oklahoma desk guide for SAFE testing. Which rule should remain in the guide?
Correct Answer
A) Oklahoma Department of Consumer Credit says the MLO license may be renewed by submitting renewal documentation through NMLS before December 1 each year.
Oklahoma Department of Consumer Credit says the MLO license may be renewed by submitting renewal documentation through NMLS before December 1 each year.
Why This Is the Correct Answer
Oklahoma Department of Consumer Credit says the MLO license may be renewed by submitting renewal documentation through NMLS before December 1 each year.
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Previous Question
During a Florida record-retention audit, a state compliance officer must resolve a question about continuing education and renewal. Which statement should control?
Next Question
A Nevada file is paused during a renewal checklist because of licensing and NMLS authority. Which statement clears the compliance question?