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An Oklahoma audit analyst is reviewing a consumer complaint response tied to licensing and NMLS authority. Which rule should be applied?

Correct Answer

B) Oklahoma Department of Consumer Credit has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

Oklahoma Department of Consumer Credit has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

Answer Options
A
Postpone the Oklahoma licensing and NMLS authority issue until the next annual review.
B
Oklahoma Department of Consumer Credit has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.
C
Use only the federal baseline and ignore the separate Oklahoma state requirement.
D
Apply the rule only after the Oklahoma regulator has already opened an examination.

Why This Is the Correct Answer

Oklahoma Department of Consumer Credit has examination, investigation, supervision, or compliance-review authority over state-regulated mortgage licensees.

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