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A licensing coordinator is updating Oklahoma procedures for supervisory file review and flags continuing education and renewal. Which answer is accurate?

Correct Answer

B) NMLS lists Oklahoma state-licensed MLO PE as 20 total hours with 1 Oklahoma-specific hour and annual CE as 8 total hours with no separate Oklahoma CE hour.

NMLS lists Oklahoma state-licensed MLO PE as 20 total hours with 1 Oklahoma-specific hour and annual CE as 8 total hours with no separate Oklahoma CE hour.

Answer Options
A
Use an informal manager exception without updating the license, file, or required record.
B
NMLS lists Oklahoma state-licensed MLO PE as 20 total hours with 1 Oklahoma-specific hour and annual CE as 8 total hours with no separate Oklahoma CE hour.
C
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
D
Use a annual compliance meeting exception instead of satisfying the rule before activity continues.

Why This Is the Correct Answer

NMLS lists Oklahoma state-licensed MLO PE as 20 total hours with 1 Oklahoma-specific hour and annual CE as 8 total hours with no separate Oklahoma CE hour.

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