Wis. Admin. Code Department of Financial Institutions DFI-Bkg 40.02
Current through November 25, 2024
A person who provides funding for a loan must be licensed as a mortgage banker if the person is in the business of originating loans directly with loan applicants. However, if the person who provides funding engages the services of a licensed mortgage banker or other lending institution which is lawfully engaged in the practice of originating loans, the person is not required to be licensed as a mortgage banker.
Wis. Admin. Code Department of Financial Institutions DFI-Bkg 40.02