A mortgage company asks a training manager to validate a Texas NMLS filing review involving continuing education and renewal. Which statement is reliable?
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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