Wis. Admin. Code Department of Financial Institutions DFI-Bkg 16.06

Current through November 25, 2024

Section DFI-Bkg 16.06 - Real estate services provided by bank employees

No officer or employee of a bank who personally approves a borrower's application with respect to a particular real estate loan may receive any commission earned on the sale of the real estate related to the loan. Any such commission shall be paid directly to the bank.

Wis. Admin. Code Department of Financial Institutions DFI-Bkg 16.06

CR Register, June, 1987, No. 378, eff. 7-1-87.

Amended by, CR 23-039: am. Register February 2024 No. 819, eff. 4/1/2024