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A policy exception is requested for a Texas matter involving pre-licensure education. Which rule controls?

Correct Answer

C) NMLS lists Texas-OCCC pre-licensure education as the SAFE 20-hour baseline: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, and 12 electives.

NMLS lists Texas-OCCC pre-licensure education as the SAFE 20-hour baseline: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, and 12 electives.

Answer Options
A
Rely on prior mortgage experience instead of the stated licensing or compliance requirement.
B
Continue the activity and document the issue only if a complaint is later filed.
C
NMLS lists Texas-OCCC pre-licensure education as the SAFE 20-hour baseline: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, and 12 electives.
D
Let the MLO originate while waiting for the Texas status, sponsorship, or renewal issue to be corrected.

Why This Is the Correct Answer

NMLS lists Texas-OCCC pre-licensure education as the SAFE 20-hour baseline: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, and 12 electives.

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