A Texas lender writes its own 20-hour prelicensing course and offers it to 9 new hires. Under what approval condition may an employer provide the prelicensing course?
Correct Answer
B) Allowed if the Registry has reviewed and approved the course
Prelicensing courses must be reviewed and approved by the Registry, and nothing precludes an approved course from being provided by the applicant employer, an entity affiliated by agency contract, or a subsidiary or affiliate. Other choices: employers may provide approved courses, so never is wrong; acknowledgments signed by the 9 hires do not substitute for approval; and delivery may be in a classroom, online or by other approved means. Source: Tex. Fin. Code sec. 180.056(b) and (c)
Why This Is the Correct Answer
Prelicensing courses must be reviewed and approved by the Registry, and nothing precludes an approved course from being provided by the applicant employer, an entity affiliated by agency contract, or a subsidiary or affiliate. Other choices: employers may provide approved courses, so never is wrong; acknowledgments signed by the 9 hires do not substitute for approval; and delivery may be in a classroom, online or by other approved means. Source: Tex. Fin. Code sec. 180.056(b) and (c)
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