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A lender preparing a Wisconsin renewal checklist asks a compliance manager about continuing education and renewal. Which response should be followed?

Correct Answer

A) Wisconsin uses NMLS for all of its mortgage licensing.

Wisconsin uses NMLS for all of its mortgage licensing.

Answer Options
A
Wisconsin uses NMLS for all of its mortgage licensing.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Assume another state's approval automatically satisfies the Wisconsin requirement.
D
Apply the Wisconsin rule only to company licenses and never to individual MLO activity.

Why This Is the Correct Answer

Wisconsin uses NMLS for all of its mortgage licensing.

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