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In a Wisconsin state-law refresher, a branch supervisor sees a compliance issue involving records, reports, and required notices. What should the file reflect?

Correct Answer

B) Wisconsin DFI identifies Wisconsin Administrative Code DFI-Bkg 40 to 46 as the mortgage banking rule source.

Wisconsin DFI identifies Wisconsin Administrative Code DFI-Bkg 40 to 46 as the mortgage banking rule source.

Answer Options
A
Delay the Wisconsin requirement until after the loan closes or the renewal period ends.
B
Wisconsin DFI identifies Wisconsin Administrative Code DFI-Bkg 40 to 46 as the mortgage banking rule source.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Treat the timing or filing requirement as optional if the transaction appears low risk.

Why This Is the Correct Answer

Wisconsin DFI identifies Wisconsin Administrative Code DFI-Bkg 40 to 46 as the mortgage banking rule source.

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