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A mortgage company asks an audit analyst to validate a Texas renewal checklist involving continuing education and renewal. Which statement is reliable?

Correct Answer

D) Texas mortgage law treats unlicensed origination, false statements, and unauthorized compensation as regulator concerns even if the borrower ultimately receives the loan.

Texas mortgage law treats unlicensed origination, false statements, and unauthorized compensation as regulator concerns even if the borrower ultimately receives the loan.

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
Let the MLO originate while waiting for the Texas status, sponsorship, or renewal issue to be corrected.
D
Texas mortgage law treats unlicensed origination, false statements, and unauthorized compensation as regulator concerns even if the borrower ultimately receives the loan.

Why This Is the Correct Answer

Texas mortgage law treats unlicensed origination, false statements, and unauthorized compensation as regulator concerns even if the borrower ultimately receives the loan.

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