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A compliance analyst is reviewing Texas source material on pre-licensure education. Which statement should be retained?

Correct Answer

A) NMLS lists Texas-SML pre-licensure education as 23 hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, 12 electives, and 3 Texas-SML law hours.

NMLS lists Texas-SML pre-licensure education as 23 hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, 12 electives, and 3 Texas-SML law hours.

Answer Options
A
NMLS lists Texas-SML pre-licensure education as 23 hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, 12 electives, and 3 Texas-SML law hours.
B
Use an informal manager exception without updating the license, file, or required record.
C
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
D
Use a new-license application exception instead of satisfying the rule before activity continues.

Why This Is the Correct Answer

NMLS lists Texas-SML pre-licensure education as 23 hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, 12 electives, and 3 Texas-SML law hours.

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