True or False: A title agent is required to submit proof of compliance every year.

The statement that a title agent is required to submit proof of compliance every year is false. In Missouri, title agents do not have a mandatory annual requirement to submit proof of compliance. This requirement generally arises in specific circumstances, such as when directed by the regulatory authority or during the licensing renewal process.

In most cases, ongoing compliance is monitored through other means, and title agents are expected to maintain compliance with all applicable laws and regulations throughout their licensing period without the obligation of annual proof submission. This understanding is important for title agents to ensure they are aware of their responsibilities and reporting requirements to avoid any potential misunderstandings about compliance obligations.