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A supervisor wants to avoid a Wisconsin licensing error related to records, reports, and required notices. Which statement is safest to rely on?

Correct Answer

D) Wisconsin DFI mortgage banking statutes and rules page identifies Wis. Stat. ch. 138 as the money and rates of interest statute source.

Wisconsin DFI mortgage banking statutes and rules page identifies Wis. Stat. ch. 138 as the money and rates of interest statute source.

Answer Options
A
Treat the timing or filing requirement as optional if the transaction appears low risk.
B
Assume the Wisconsin requirement does not apply to this disciplinary-risk review.
C
Treat licensing and NMLS authority as satisfied by borrower consent alone.
D
Wisconsin DFI mortgage banking statutes and rules page identifies Wis. Stat. ch. 138 as the money and rates of interest statute source.

Why This Is the Correct Answer

Wisconsin DFI mortgage banking statutes and rules page identifies Wis. Stat. ch. 138 as the money and rates of interest statute source.

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