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A Wisconsin training manager is reviewing a new-license application tied to licensing and NMLS authority. Which rule should be applied?

Correct Answer

C) Wisconsin DFI makes licensee search available through NMLS Consumer Access for Wisconsin licensed mortgage bankers, brokers, and loan originators.

Wisconsin DFI makes licensee search available through NMLS Consumer Access for Wisconsin licensed mortgage bankers, brokers, and loan originators.

Answer Options
A
Handle licensing and NMLS authority with an informal note rather than the required license, disclosure, filing, or record.
B
Use another jurisdiction's approval as a substitute for the Wisconsin requirement.
C
Wisconsin DFI makes licensee search available through NMLS Consumer Access for Wisconsin licensed mortgage bankers, brokers, and loan originators.
D
Treat the requirement as waived because the borrower or employer agrees.

Why This Is the Correct Answer

Wisconsin DFI makes licensee search available through NMLS Consumer Access for Wisconsin licensed mortgage bankers, brokers, and loan originators.

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