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An MLO asks how Wisconsin handles continuing education and renewal. Which answer should compliance give?

Correct Answer

B) Wisconsin DFI identifies NMLS Resource Center as the resource for licensing and continuing education for loan originators, mortgage bankers, and mortgage brokers.

Wisconsin DFI identifies NMLS Resource Center as the resource for licensing and continuing education for loan originators, mortgage bankers, and mortgage brokers.

Answer Options
A
Use only the federal baseline and ignore the separate Wisconsin state requirement.
B
Wisconsin DFI identifies NMLS Resource Center as the resource for licensing and continuing education for loan originators, mortgage bankers, and mortgage brokers.
C
Apply the rule only after the Wisconsin regulator has already opened an examination.
D
Skip the Wisconsin requirement because the company already follows general SAFE Act procedures.

Why This Is the Correct Answer

Wisconsin DFI identifies NMLS Resource Center as the resource for licensing and continuing education for loan originators, mortgage bankers, and mortgage brokers.

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