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An operations lead documents a Texas mortgage operations checklist and needs one rule for licensing and NMLS authority. Which statement belongs in the file?

Correct Answer

A) Texas SML and OCCC consumer-facing complaint notices and regulator information must be used as required; complaint notices do not cure false advertising or unlicensed mortgage activity.

Texas SML and OCCC consumer-facing complaint notices and regulator information must be used as required; complaint notices do not cure false advertising or unlicensed mortgage activity.

Answer Options
A
Texas SML and OCCC consumer-facing complaint notices and regulator information must be used as required; complaint notices do not cure false advertising or unlicensed mortgage activity.
B
Skip the Texas requirement because the company already follows general SAFE Act procedures.
C
Treat licensing and NMLS authority as optional because the company has a general Texas compliance policy.
D
Postpone the Texas licensing and NMLS authority issue until the next annual review.

Why This Is the Correct Answer

Texas SML and OCCC consumer-facing complaint notices and regulator information must be used as required; complaint notices do not cure false advertising or unlicensed mortgage activity.

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