EstatePass
USThard11% of exam

Before approving the new-license application, a Wisconsin operations lead checks records and reporting. Which conclusion is best supported?

Correct Answer

D) Wisconsin DFI mortgage banking statutes and rules page identifies Wis.

Wisconsin DFI mortgage banking statutes and rules page identifies Wis. Stat. ch. 138 as the money and rates of interest statute source.

Answer Options
A
Use a verbal explanation instead of the required disclosure, record, or filing.
B
Keep only informal notes instead of the required state records or notices.
C
Apply a generic federal shortcut and ignore the state-specific condition.
D
Wisconsin DFI mortgage banking statutes and rules page identifies Wis.

Why This Is the Correct Answer

Wisconsin DFI mortgage banking statutes and rules page identifies Wis. Stat. ch. 138 as the money and rates of interest statute source.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing