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Before approving the loan-originator transfer, a Wisconsin renewal specialist checks continuing education and renewal. Which conclusion is best supported?

Correct Answer

C) Wisconsin DFI mortgage banking fees are nonrefundable and additional NMLS fees may apply.

Wisconsin DFI mortgage banking fees are nonrefundable and additional NMLS fees may apply.

Answer Options
A
Treat continuing education and renewal as satisfied by borrower consent alone.
B
Delay the Wisconsin requirement until after the loan closes or the renewal period ends.
C
Wisconsin DFI mortgage banking fees are nonrefundable and additional NMLS fees may apply.
D
Treat consumer consent as a cure for a prohibited or missing compliance step.

Why This Is the Correct Answer

Wisconsin DFI mortgage banking fees are nonrefundable and additional NMLS fees may apply.

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