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An Oklahoma file is paused during a consumer complaint response because of licensing and NMLS authority. Which statement clears the compliance question?

Correct Answer

C) Oklahoma Department of Consumer Credit identifies the Mortgage Loan Originator license as the state license for mortgage loan originator activity.

Oklahoma Department of Consumer Credit identifies the Mortgage Loan Originator license as the state license for mortgage loan originator activity.

Answer Options
A
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
B
Continue the activity and document the issue only if a complaint is later filed.
C
Oklahoma Department of Consumer Credit identifies the Mortgage Loan Originator license as the state license for mortgage loan originator activity.
D
Let the MLO originate while waiting for the Oklahoma status, sponsorship, or renewal issue to be corrected.

Why This Is the Correct Answer

Oklahoma Department of Consumer Credit identifies the Mortgage Loan Originator license as the state license for mortgage loan originator activity.

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