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An audit analyst is updating Oklahoma procedures for state-law refresher and flags licensing and NMLS authority. Which answer is accurate?

Correct Answer

C) Oklahoma Department of Consumer Credit regulates mortgage brokers, mortgage lenders, and mortgage loan originators.

Oklahoma Department of Consumer Credit regulates mortgage brokers, mortgage lenders, and mortgage loan originators.

Answer Options
A
Let the MLO originate while waiting for the Oklahoma status, sponsorship, or renewal issue to be corrected.
B
Let production staff decide whether licensing and NMLS authority matters for the file.
C
Oklahoma Department of Consumer Credit regulates mortgage brokers, mortgage lenders, and mortgage loan originators.
D
Skip documentation because the disciplinary-risk review appears routine.

Why This Is the Correct Answer

Oklahoma Department of Consumer Credit regulates mortgage brokers, mortgage lenders, and mortgage loan originators.

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