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A Wisconsin file is paused during a supervisory file review because of licensing and NMLS authority. Which statement clears the compliance question?

Correct Answer

D) Wisconsin DFI defines Mortgage Loan Originator License scope around compensation or expected compensation, taking a residential mortgage application, or offering or negotiating terms.

Wisconsin DFI defines Mortgage Loan Originator License scope around compensation or expected compensation, taking a residential mortgage application, or offering or negotiating terms.

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
Apply the rule only after the Wisconsin regulator has already opened an examination.
D
Wisconsin DFI defines Mortgage Loan Originator License scope around compensation or expected compensation, taking a residential mortgage application, or offering or negotiating terms.

Why This Is the Correct Answer

Wisconsin DFI defines Mortgage Loan Originator License scope around compensation or expected compensation, taking a residential mortgage application, or offering or negotiating terms.

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