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A renewal specialist handling a Texas new-license application needs the compliant answer for advertising and consumer-protection controls. What should the reviewer choose?

Correct Answer

D) Texas complaints to SML or OCCC can trigger regulator review, document requests, examinations, investigations, and possible enforcement action.

Texas complaints to SML or OCCC can trigger regulator review, document requests, examinations, investigations, and possible enforcement action.

Answer Options
A
Use another jurisdiction's approval as a substitute for the Texas requirement.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Assume another state's approval automatically satisfies the Texas requirement.
D
Texas complaints to SML or OCCC can trigger regulator review, document requests, examinations, investigations, and possible enforcement action.

Why This Is the Correct Answer

Texas complaints to SML or OCCC can trigger regulator review, document requests, examinations, investigations, and possible enforcement action.

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