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A sponsorship reviewer documents a Wisconsin supervisory file review and needs one rule for advertising and disclosure controls. Which statement belongs in the file?

Correct Answer

B) Wisconsin DFI mortgage banking statutes and administrative rules provide the state-law basis for enforcement, discipline, and compliance review.

Wisconsin DFI mortgage banking statutes and administrative rules provide the state-law basis for enforcement, discipline, and compliance review.

Answer Options
A
Use a verbal explanation instead of the required disclosure, record, or filing.
B
Wisconsin DFI mortgage banking statutes and administrative rules provide the state-law basis for enforcement, discipline, and compliance review.
C
Keep only informal notes instead of the required state records or notices.
D
Apply a generic federal shortcut and ignore the state-specific condition.

Why This Is the Correct Answer

Wisconsin DFI mortgage banking statutes and administrative rules provide the state-law basis for enforcement, discipline, and compliance review.

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