Is a licensed certified public accountant engaged in mortgage banking-related practice.
Show that information provided to comply with sub. (1)
is likely to support a comprehensive and accurate treatment of the subjects required in each chapter.
(3) Application approval and expiration of approval.
Upon receipt of an application for approval of a provider and the required fee, the division shall determine if the application meets the requirements of this chapter and if the program provides for instruction of courses in a manner required by this chapter. Provider approval shall expire pursuant to the schedule set forth in s. DFI-Bkg 41.02 (1)
DFI-Bkg 45.07 Note
Note: Section DFI-Bkg 41.02 (1) was repealed eff. 1-1-10. Provider approvals expire July 31, 2010.
Requirements for approval of courses. DFI-Bkg 45.08(1)(a)(a)
Upon receipt of an application for approval or renewal of approval of a course from an approved continuing education provider and the required fee, the division, or its designee, shall determine if the course meets the requirements set forth in this chapter. The application for approval or renewal of approval shall be in a form and manner prescribed by and satisfactory to the division. Course approval shall expire 2 years from the date the course was approved by the division.
The following information shall be furnished with the request for approval of a continuing education course:
An outline including a schedule of times when topics will be presented; the topics covered in the course, listed individually; and a summary of the instruction given and the material covered for each topic.
A description of the qualifications of each instructor and the subject matter the instructor will be teaching.
The course shall be conducted in accordance with the course outline and summary materials approved by the division. After the provider has been notified of any deficiency, failure to correct the deficiency shall automatically void the course approval for any course held after notice.
A provider shall provide to the division, in a manner acceptable to the division, written notification at least 10 days in advance of offering an approved course on the date or at a location other than, or in addition to, the date or location provided in the initial request for approval.
Within 10 days of a change to an approved course, approved providers shall notify the division of any course information as required by this chapter that has changed since filing, and on which course approval was based, with the division.
Evidence of attendance for continuing education courses. DFI-Bkg 45.09(1)
Providers shall submit to the division a list, in a form and manner prescribed by and satisfactory to the division, of course attendees who satisfactorily completed continuing education programs. The list shall include the loan originator's name, Wisconsin certificate of registration number, date of birth, course number, course title, date and location of the course, number of credit hours for which the course has been approved and any other information required by the division. Submitting the list shall constitute certification by the provider that the students listed personally attended the reported instruction and successfully completed the reported instruction. The list shall be furnished to the division within 10 days following the date of completion of continuing education programs. Failure to submit the required information to the division may result in a withdrawal of the provider's approval.
The provider of a continuing education program shall maintain attendance records for 4 years.
Credit for attending a course shall not be awarded to loan originators for courses completed prior to the date the course has been approved by the division.
The division, or its designee, may investigate and review all provider and course applications, and any previously approved providers, courses and instructors. The method and timing of the reviews shall be determined by the division and may consist of any of the following:
Consideration of information available from state, federal, or local agencies, private organizations or agencies, or interested persons.
Conferences with officials, representatives, and former students of the provider involved.
A public hearing respecting the program, course, or instructor involved, with 10 days written notice to the provider, instructor, or both.
Information furnished by the applicant with any application for approval.
Any other information the division or its designee deems relevant to the investigation.
If, after investigation or review, the division denies or withdraws approval of any program or course, the division shall promptly give written notification that includes the reasons for the denial or withdrawal.