A compliance review meeting turns to Wisconsin SAFE testing. Which rule should be cited?
Correct Answer
B) Wisconsin DFI says the Mortgage Loan Originator License is required of any individual who, for compensation or expected compensation, takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.
Wisconsin DFI says the Mortgage Loan Originator License is required of any individual who, for compensation or expected compensation, takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.
Why This Is the Correct Answer
Wisconsin DFI says the Mortgage Loan Originator License is required of any individual who, for compensation or expected compensation, takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.
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An Iowa file is paused during a training scenario because of licensing and NMLS authority. Which statement clears the compliance question?