A compliance manager handling a Wisconsin company policy update needs the compliant answer for licensing and NMLS authority. What should the reviewer choose?
Correct Answer
A) Wisconsin branch, office, or remote-work activity must follow state approval and control rules.
Wisconsin DFI says mortgage banker branch and mortgage broker branch licenses are required for offices or places of business other than the principal office where the business engages in mortgage loan business subject to Wis. Stat. ch. 224, subch. III.
Why This Is the Correct Answer
Wisconsin DFI says mortgage banker branch and mortgage broker branch licenses are required for offices or places of business other than the principal office where the business engages in mortgage loan business subject to Wis. Stat. ch. 224, subch. III.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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