Wis. Admin. Code Department of Financial Institutions § DFI-Bkg 47.05 - Transition of license information

(1) All licensed mortgage bankers and mortgage brokers shall transition their license information onto the Nationwide Mortgage Licensing System between January 2, 2010 and March 31, 2010. The division may suspend the license of any mortgage banker or mortgage broker that has not transitioned their license information onto the Nationwide Mortgage Licensing System by March 31, 2010.

(2) All licensed mortgage loan originators shall transition their license information onto the Nationwide Mortgage Licensing System between January 2, 2010 and March 31, 2010. Any mortgage loan originator who does not transition their license information onto the Nationwide Mortgage Licensing System by March 31, 2010 shall pay a late transition fee of $100, if the license information is transitioned between April 1, 2010 and May 31, 2010, and a late transition fee of $200, if the license information is transitioned between June 1, 2010 and December 31, 2010.

Notes

Wis. Admin. Code Department of Financial Institutions § DFI-Bkg 47.05

EmR0907: emerg. CR eff. 5-4-09; CR 09-060: CR Register December 2009 No. 648, eff. 1-1-10.