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In a Wisconsin mortgage operations checklist, a compliance manager sees a compliance issue involving continuing education and renewal. What should the file reflect?

Correct Answer

A) Wisconsin Statutes Chapter 224, Subchapter III is the statute source identified by DFI for mortgage bankers, loan originators, and mortgage brokers.

Wisconsin Statutes Chapter 224, Subchapter III is the statute source identified by DFI for mortgage bankers, loan originators, and mortgage brokers.

Answer Options
A
Wisconsin Statutes Chapter 224, Subchapter III is the statute source identified by DFI for mortgage bankers, loan originators, and mortgage brokers.
B
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
C
Use a branch onboarding review exception instead of satisfying the rule before activity continues.
D
Close or renew first, then decide whether the branch onboarding review needs a compliance correction.

Why This Is the Correct Answer

Wisconsin Statutes Chapter 224, Subchapter III is the statute source identified by DFI for mortgage bankers, loan originators, and mortgage brokers.

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