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A regulator-facing procedure for Texas operations addresses continuing education and renewal. Which answer reflects the requirement?

Correct Answer

D) NMLS lists Texas-SML annual continuing education as 8 hours with no separate Texas-SML CE hour, and the renewal deadline is December 31.

NMLS lists Texas-SML annual continuing education as 8 hours with no separate Texas-SML CE hour, and the renewal deadline is December 31.

Answer Options
A
Delay the Texas requirement until after the loan closes or the renewal period ends.
B
Treat consumer consent as a cure for a prohibited or missing compliance step.
C
Treat the timing or filing requirement as optional if the transaction appears low risk.
D
NMLS lists Texas-SML annual continuing education as 8 hours with no separate Texas-SML CE hour, and the renewal deadline is December 31.

Why This Is the Correct Answer

NMLS lists Texas-SML annual continuing education as 8 hours with no separate Texas-SML CE hour, and the renewal deadline is December 31.

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