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During an Oklahoma supervisory file review, a training manager must resolve a question about continuing education and renewal. Which statement should control?

Correct Answer

A) Oklahoma MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act licensing standards.

Oklahoma MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act licensing standards.

Answer Options
A
Oklahoma MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act licensing standards.
B
Assume the Oklahoma requirement does not apply to this record-retention audit.
C
Treat continuing education and renewal as satisfied by borrower consent alone.
D
Delay the Oklahoma requirement until after the loan closes or the renewal period ends.

Why This Is the Correct Answer

Oklahoma MLO licensing requires state review of education, testing, criminal background, credit or financial responsibility, and other SAFE Act licensing standards.

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