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A licensing coordinator handling a Wisconsin new-license application needs the compliant answer for advertising and consumer-protection controls. What should the reviewer choose?

Correct Answer

D) Wisconsin DFI mortgage banking statutes and administrative rules provide the state-law basis for enforcement, discipline, and compliance review.

Wisconsin DFI mortgage banking statutes and administrative rules provide the state-law basis for enforcement, discipline, and compliance review.

Answer Options
A
Use only the federal baseline and ignore the separate Wisconsin state requirement.
B
Apply the rule only after the Wisconsin regulator has already opened an examination.
C
Skip the Wisconsin requirement because the company already follows general SAFE Act procedures.
D
Wisconsin DFI mortgage banking statutes and administrative rules provide the state-law basis for enforcement, discipline, and compliance review.

Why This Is the Correct Answer

Wisconsin DFI mortgage banking statutes and administrative rules provide the state-law basis for enforcement, discipline, and compliance review.

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