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An Oklahoma compliance manager is reviewing a branch onboarding review tied to licensing and NMLS authority. Which rule should be applied?

Correct Answer

D) Oklahoma licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

Oklahoma licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

Answer Options
A
Postpone the Oklahoma licensing and NMLS authority issue until the next annual review.
B
Use only the federal baseline and ignore the separate Oklahoma state requirement.
C
Apply the rule only after the Oklahoma regulator has already opened an examination.
D
Oklahoma licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

Why This Is the Correct Answer

Oklahoma licensees must keep mortgage books, records, files, or NMLS records available as required by state law or regulator guidance.

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