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An operations supervisor handling Wisconsin activity identifies licensing and NMLS authority during a file documentation check. What is the compliant result?

Correct Answer

C) Wisconsin all-license December 31 expiration means failure to renew timely affects mortgage banking license authority.

Wisconsin all-license December 31 expiration means failure to renew timely affects mortgage banking license authority.

Answer Options
A
Continue the activity and document the issue only if a complaint is later filed.
B
Let the MLO originate while waiting for the Wisconsin status, sponsorship, or renewal issue to be corrected.
C
Wisconsin all-license December 31 expiration means failure to renew timely affects mortgage banking license authority.
D
Let production staff decide whether licensing and NMLS authority matters for the file.

Why This Is the Correct Answer

Wisconsin all-license December 31 expiration means failure to renew timely affects mortgage banking license authority.

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