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A compliance manager documents a Wisconsin annual compliance meeting and needs one rule for licensing and NMLS authority. Which statement belongs in the file?

Correct Answer

D) Wisconsin DFI supervises loan originators, mortgage bankers, and mortgage brokers, which supports state regulatory enforcement over these license types.

Wisconsin DFI supervises loan originators, mortgage bankers, and mortgage brokers, which supports state regulatory enforcement over these license types.

Answer Options
A
Apply the Wisconsin rule only to company licenses and never to individual MLO activity.
B
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
C
Use another jurisdiction's approval as a substitute for the Wisconsin requirement.
D
Wisconsin DFI supervises loan originators, mortgage bankers, and mortgage brokers, which supports state regulatory enforcement over these license types.

Why This Is the Correct Answer

Wisconsin DFI supervises loan originators, mortgage bankers, and mortgage brokers, which supports state regulatory enforcement over these license types.

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