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During a Wisconsin renewal checklist, a policy analyst must resolve a question about licensing and NMLS authority. Which statement should control?

Correct Answer

B) 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
Let the MLO originate while waiting for the Wisconsin status, sponsorship, or renewal issue to be corrected.
B
Wisconsin Statutes section 224.35 is the DFI-identified statute source for use of NMLS.
C
Let production staff decide whether continuing education and renewal matters for the file.
D
Skip documentation because the MLO sponsorship update appears routine.

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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