Mortgage Lending 

Wisconsin Statutes > Chapter 224 > Subchapter III > 224.73

   (1)    Responsibility for mortgage loan originator. A mortgage banker or mortgage broker is responsible for, and shall supervise the acts of, a mortgage loan originator or any other person who otherwise acts on behalf of the mortgage banker or mortgage broker.

   (2)   Restriction on mortgage loan originator.

     (a)    If the division suspends or revokes a mortgage banker's or mortgage broker's license, a mortgage loan originator may not act on behalf of that mortgage banker or mortgage broker during the period of suspension or revocation.

     (b)    A mortgage loan originator may act on behalf of only the mortgage banker or mortgage broker with which that mortgage loan originator's license is associated in the records of the division, as designated under s. 224.725 (2) (d). A mortgage loan originator's license may only be associated with one mortgage banker or mortgage broker at a time.

   (3)   Transfer by mortgage loan originator.

     (a)    A licensed mortgage loan originator may apply, on forms and in the manner prescribed by the division, to transfer association to another licensed mortgage banker or mortgage broker. The division shall promulgate rules establishing a fee for a transfer application under this subsection.

     (b)    A mortgage loan originator may not act on behalf of a mortgage banker or mortgage broker until the mortgage loan originator's license association has been transferred to that mortgage banker or mortgage broker in the records of the division.

   (4)   Mortgage loan originator signatures and unique identifiers.

     (a)    Every residential mortgage loan application shall be signed by a licensed mortgage loan originator or by a mortgage loan originator exempt from licensing under s. 224.726 (1).

     (b)    Any person originating a residential mortgage loan shall clearly place the person's unique identifier on all residential mortgage loan application forms, solicitations, and advertisements, including business cards or Web sites, and on all other documents specified by rule of the division.

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Questions & Answers: Mortgage Lending

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Wisconsin Laws: Mortgage Lending

Wisconsin Statutes > Chapter 224 > Subchapter III - Mortgage Bankers, Loan Originators And Mortgage Brokers

Wisconsin Statutes > Chapter 428 > Subchapter I - First Lien Real Estate Loans

U.S. Code Provisions: Mortgage Lending

U.S. Code > Title 12 > Chapter 11A - Federal Home Loan Mortgage Corporation

U.S. Code > Title 12 > Chapter 27 - Real Estate Settlement Procedures

U.S. Code > Title 12 > Chapter 28 - Emergency Mortgage Relief

U.S. Code > Title 12 > Chapter 29 - Home Mortgage Disclosure

U.S. Code > Title 12 > Chapter 39 - Alternative Mortgage Transactions

U.S. Code Title 12 > Chapter 42 > Subchapter I - Prepayment Of Mortgages Insured Under National Housing Act

U.S. Code > Title 12 > Chapter 49 - Homeowners Protection

U.S. Code > Title 12 > Chapter 51 - Secure And Fair Enforcement For Mortgage Licensing

Federal Regulations: Mortgage Lending

U.S. Code > Title 12 > Chapter 11A - Federal Home Loan Mortgage Corporation

U.S. Code > Title 12 > Chapter 27 - Real Estate Settlement Procedures

U.S. Code > Title 12 > Chapter 28 - Emergency Mortgage Relief

U.S. Code > Title 12 > Chapter 29 - Home Mortgage Disclosure

U.S. Code > Title 12 > Chapter 39 - Alternative Mortgage Transactions

U.S. Code Title 12 > Chapter 42 > Subchapter I - Prepayment Of Mortgages Insured Under National Housing Act

U.S. Code > Title 12 > Chapter 49 - Homeowners Protection

U.S. Code > Title 12 > Chapter 51 - Secure And Fair Enforcement For Mortgage Licensing

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