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

Correct Answer

D) Wisconsin DFI links Wisconsin State Licensing Requirements on NMLS for mortgage banking licensing details.

Wisconsin DFI links Wisconsin State Licensing Requirements on NMLS for mortgage banking licensing details.

Answer Options
A
Assume another state's approval automatically satisfies the Wisconsin requirement.
B
Apply the Wisconsin rule only to company licenses and never to individual MLO activity.
C
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
D
Wisconsin DFI links Wisconsin State Licensing Requirements on NMLS for mortgage banking licensing details.

Why This Is the Correct Answer

Wisconsin DFI links Wisconsin State Licensing Requirements on NMLS for mortgage banking licensing details.

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