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An Oklahoma renewal specialist is reviewing an advertising approval tied to licensing and NMLS authority. Which rule should be applied?

Correct Answer

D) Oklahoma mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

Oklahoma mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

Answer Options
A
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record.
B
Use another jurisdiction's approval as a substitute for the Oklahoma requirement.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Oklahoma mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

Why This Is the Correct Answer

Oklahoma mortgage licensing includes surety bond, recovery fund, net worth, or financial responsibility coverage as required by state law or regulator guidance.

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