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In a Wisconsin record-retention audit, an audit analyst sees a compliance issue involving licensing and NMLS authority. What should the file reflect?

Correct Answer

B) 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
Use a advertising approval exception instead of satisfying the rule before activity continues.
B
Wisconsin DFI links Wisconsin State Licensing Requirements on NMLS for mortgage banking licensing details.
C
Close or renew first, then decide whether the advertising approval needs a compliance correction.
D
Proceed before the required Wisconsin license, sponsorship, disclosure, record, or approval is in place.

Why This Is the Correct Answer

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

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