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A sponsorship reviewer handling an Oklahoma company policy update needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

D) Oklahoma unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Oklahoma unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Answer Options
A
Assume the Oklahoma requirement does not apply to this new-license application.
B
Treat sponsorship and employment status as satisfied by borrower consent alone.
C
Delay the Oklahoma requirement until after the loan closes or the renewal period ends.
D
Oklahoma unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

Why This Is the Correct Answer

Oklahoma unlicensed residential mortgage origination, brokering, lending, servicing, or related mortgage activity can trigger state enforcement when no exemption applies.

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