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A licensing file raises a Texas question about temporary authority. Which answer is most defensible?

Correct Answer

B) Texas temporary authority begins when the individual submits the RMLO application in NMLS and ends at withdrawal, denial, license grant, or 120 days after application submission.

Texas temporary authority begins when the individual submits the RMLO application in NMLS and ends at withdrawal, denial, license grant, or 120 days after application submission.

Answer Options
A
Apply the Texas rule only to company licenses and never to individual MLO activity.
B
Texas temporary authority begins when the individual submits the RMLO application in NMLS and ends at withdrawal, denial, license grant, or 120 days after application submission.
C
Handle temporary authority with an informal note rather than the required license, disclosure, filing, or record.
D
Use another jurisdiction's approval as a substitute for the Texas requirement.

Why This Is the Correct Answer

Texas temporary authority begins when the individual submits the RMLO application in NMLS and ends at withdrawal, denial, license grant, or 120 days after application submission.

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