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During an Oklahoma MLO sponsorship update, a sponsorship reviewer must resolve a question about continuing education and renewal. Which statement should control?

Correct Answer

B) Oklahoma mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

Oklahoma mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

Answer Options
A
Treat consumer consent as a cure for a prohibited or missing compliance step.
B
Oklahoma mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.
C
Treat the timing or filing requirement as optional if the transaction appears low risk.
D
Assume the Oklahoma requirement does not apply to this new-license application.

Why This Is the Correct Answer

Oklahoma mortgage licensees may have state or NMLS reporting, notice, call report, amendment, or renewal-update obligations.

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