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A mortgage company asks an operations lead to validate a Wisconsin training scenario involving licensing and NMLS authority. Which statement is reliable?

Correct Answer

D) Wisconsin Statutes section 224.35 is the DFI-identified statute source for use of NMLS.

Wisconsin Statutes section 224.35 is the DFI-identified statute source for use of NMLS.

Answer Options
A
Postpone the Wisconsin licensing and NMLS authority issue until the next annual review.
B
Use only the federal baseline and ignore the separate Wisconsin state requirement.
C
Apply the rule only after the Wisconsin regulator has already opened an examination.
D
Wisconsin Statutes section 224.35 is the DFI-identified statute source for use of NMLS.

Why This Is the Correct Answer

Wisconsin Statutes section 224.35 is the DFI-identified statute source for use of NMLS.

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