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A Wisconsin compliance manager is reviewing a mortgage operations checklist tied to licensing and NMLS authority. Which rule should be applied?

Correct Answer

C) Wisconsin DFI provides NMLS Consumer Access as the licensee search tool for Wisconsin licensed mortgage bankers, mortgage brokers, and mortgage loan originators.

Wisconsin DFI provides NMLS Consumer Access as the licensee search tool for Wisconsin licensed mortgage bankers, mortgage brokers, and mortgage loan originators.

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
Wisconsin DFI provides NMLS Consumer Access as the licensee search tool for Wisconsin licensed mortgage bankers, mortgage brokers, and mortgage loan originators.
D
Apply the rule only after the Wisconsin regulator has already opened an examination.

Why This Is the Correct Answer

Wisconsin DFI provides NMLS Consumer Access as the licensee search tool for Wisconsin licensed mortgage bankers, mortgage brokers, and mortgage loan originators.

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