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A quality-control reviewer handling a Wisconsin disciplinary-risk review needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?

Correct Answer

C) Wisconsin Statutes Chapter 224, Subchapter III is the statute source identified by DFI for mortgage bankers, loan originators, and mortgage brokers.

Wisconsin Statutes Chapter 224, Subchapter III is the statute source identified by DFI for mortgage bankers, loan originators, and mortgage brokers.

Answer Options
A
Postpone the Wisconsin licensing and NMLS authority issue until the next annual review.
B
Use only the federal baseline and ignore the separate Wisconsin state requirement.
C
Wisconsin Statutes Chapter 224, Subchapter III is the statute source identified by DFI for mortgage bankers, loan originators, and mortgage brokers.
D
Apply the rule only after the Wisconsin regulator has already opened an examination.

Why This Is the Correct Answer

Wisconsin Statutes Chapter 224, Subchapter III is the statute source identified by DFI for mortgage bankers, loan originators, and mortgage brokers.

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