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A branch supervisor documents a Texas MLO sponsorship update and needs one rule for continuing education and renewal. Which statement belongs in the file?

Correct Answer

C) Texas SML mortgage company, mortgage banker, and RMLO applications, sponsorship, renewals, amendments, and mortgage call reports are handled through NMLS when required.

Texas SML mortgage company, mortgage banker, and RMLO applications, sponsorship, renewals, amendments, and mortgage call reports are handled through NMLS when required.

Answer Options
A
Treat consumer consent as a cure for a prohibited or missing compliance step.
B
Treat the timing or filing requirement as optional if the transaction appears low risk.
C
Texas SML mortgage company, mortgage banker, and RMLO applications, sponsorship, renewals, amendments, and mortgage call reports are handled through NMLS when required.
D
Assume the Texas requirement does not apply to this MLO sponsorship update.

Why This Is the Correct Answer

Texas SML mortgage company, mortgage banker, and RMLO applications, sponsorship, renewals, amendments, and mortgage call reports are handled through NMLS when required.

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