Chapter DFI-Bkg 40
DFI-Bkg 40.02   Source for financing a loan.
DFI-Bkg 40.03   Branch offices.
DFI-Bkg 40.04   Trade names.
DFI-Bkg 40.05   Surety bonds.
DFI-Bkg 40.06   Loan processors and underwriters.
Ch. DFI-Bkg 40 Note Note: Ch. RL 40 as it existed on February 28, 1991 was repealed and a new chapter RL 40 was created effective March 1, 1991. Chapter RL 40 was renumbered chapter DFI-Bkg 40 under s. 13.93 (2m) (b) 1., Stats., and corrections made under s. 13.93 (2m) (b) 6. and 7., Stats., Register, June, 1999, No. 522. Corrections made under s. 13.93 (2m) (b) 7., Stats., Register, September, 1999, No. 525. Chapter DFI-Bkg 40 as it existed on December 31, 2009 was repealed and a new chapter DFI-Bkg 40 was created, effective January 1, 2010.
DFI-Bkg 40.01 DFI-Bkg 40.01 Definitions. In subch. III of ch. 224, Stats., and chs. DFI-Bkg 40 to 47:
DFI-Bkg 40.01(5) (5) "Loan commitment" means a written statement signed by a lender, setting forth the terms and conditions upon which the lender is obligated to make a particular residential mortgage loan to a particular applicant.
DFI-Bkg 40.01(6) (6) "Loan commitment fee" means a fee charged by a licensee to an applicant in exchange for a promise to make a loan pursuant to a loan commitment.
DFI-Bkg 40.03 DFI-Bkg 40.03 Branch offices.
DFI-Bkg 40.03(3)(b) (b) Assuming responsibility and liability for utilities, advertising or other bills incurred by the branch.
DFI-Bkg 40.03(3)(d) (d) Signing agreements to pay monthly fees for using the mortgage banker's or mortgage broker's license.
DFI-Bkg 40.03 History History: CR 09-060: cr. Register December 2009 No. 648, eff. 1-1-10.
DFI-Bkg 40.04 DFI-Bkg 40.04 Trade names.
DFI-Bkg 40.04(2) (2) Before using any trade name or d/b/a designation, the licensee shall obtain approval from the division for the use of such trade name or d/b/a designation.
DFI-Bkg 40.04(3) (3) The combined total of trade names and d/b/a designations used by a licensee in Wisconsin shall not exceed five.
DFI-Bkg 40.04 History History: CR 09-060: cr. Register December 2009 No. 648, eff. 1-1-10; 2013 Wis. Act 136: am. (2) Register March 2014 No. 699, eff. 4-1-14.
DFI-Bkg 40.06 History History: CR 09-060: cr. Register December 2009 No. 648, eff. 1-1-10.
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Published under authority of s. 35.93, Stats. Updated on the first day of each month. Entire code is alwaycurrent. The date shown on each chapter is the date the chapter was last published.