I'm trying to determine the SAFE Act requirements for Wisconsin. Has anyone read anything?

Wisconsin's regs can be found in Chapter 224 of the State Statutes - http://nxt.legis.state.wi.us/nxt/gateway...mp;jd=ch%20224.

Okay, I'm confused. Are loan originators exempt from the requirements if they work for a bank? Or do they need to take the test and become licensed as well?

IMO a LO employed by a federally - regulated depository institution is only required to be registered. Licensure is not required. (See the definition for Registered LO at Sec 1503(7) and for State-Licensed LO at 1503(11) in the SAFE Mortgage Licensing Act.)

Thanks!