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A lender is preparing a Texas compliance audit focused on pre-licensure education. Which statement should be treated as accurate?

Correct Answer

C) 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
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record.
B
Use another jurisdiction's approval as a substitute for the Texas requirement.
C
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.
D
Treat the requirement as waived because the borrower or employer agrees.

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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