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A lender preparing a Texas new-license application asks an operations lead about licensing and NMLS authority. Which response should be followed?

Correct Answer

C) Texas recognizes registered mortgage loan originators tied to depository institutions, Farm Credit System institutions, or regulated subsidiaries who are registered with NMLS rather than state-licensed.

Texas recognizes registered mortgage loan originators tied to depository institutions, Farm Credit System institutions, or regulated subsidiaries who are registered with NMLS rather than state-licensed.

Answer Options
A
Treat the timing or filing requirement as optional if the transaction appears low risk.
B
Assume the Texas requirement does not apply to this disciplinary-risk review.
C
Texas recognizes registered mortgage loan originators tied to depository institutions, Farm Credit System institutions, or regulated subsidiaries who are registered with NMLS rather than state-licensed.
D
Treat licensing and NMLS authority as satisfied by borrower consent alone.

Why This Is the Correct Answer

Texas recognizes registered mortgage loan originators tied to depository institutions, Farm Credit System institutions, or regulated subsidiaries who are registered with NMLS rather than state-licensed.

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