A mortgage team is building a Texas procedure for sponsorship and employment status. Which statement matches the state requirement?
Correct Answer
A) Apply the Texas SML/OCCC authority split by employer, product, and activity.
Texas residential mortgage loan originator authority is split between Texas SML and Texas OCCC depending on the employer, product, and activity, so Texas questions must not treat SML and OCCC as a single licensing path.
Why This Is the Correct Answer
Texas residential mortgage loan originator authority is split between Texas SML and Texas OCCC depending on the employer, product, and activity, so Texas questions must not treat SML and OCCC as a single licensing path.
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An Ohio file is paused during an advertising approval because of continuing education and renewal. Which statement clears the compliance question?
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A mortgage company asks a training manager to validate a Texas NMLS filing review involving continuing education and renewal. Which statement is reliable?