Wisconsin Department of Financial Institutions

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2010 Office Closures

Office Closure

Our Offices will be closed:

February 15th, 2010

The Department of Financial Institutions and Office of Credit Unions will be closed on Monday February 15, 2010 as a result of the day being designated as a Furlough Day for employees of the Department of Financial Institutions and the Office of Credit Unions.

Although the Agency will be closed to the public on this day, Internet Web Services will still be available for individuals who are accessing or filing documents over the Internet. For additional information regarding documents that can be filed or processed over the Internet for a specific program, please visit that program’s information on our web site.

A full list of the days that the Agency will be closed over the next two fiscal years is available by visiting the link shown below:

2010 Closure Dates (PDF: 18 KB / 1 page)

About DFI

Wisconsin’s Participation in NMLS
National Mortgage Licensing System

Wisconsin recently made and is now in the process of implementing significant changes to its mortgage banking laws. Many of these changes were made in order to bring Wisconsin’s mortgage licensing laws into compliance with the federal “Secure and Fair Enforcement for Mortgage Lending Act of 2008” (SAFE Act).

The SAFE Act has the impact of requiring all states to pass mortgage licensing laws and regulations that meet or exceed specific national standards.

The Wisconsin Department of Financial Institutions’ Division of Banking - Mortgage Banking Section is now in the process of implementing the new laws and regulations. As part of this process, the Department began accepting new applications and transition requests through the National Mortgage Licensing System (NMLS) as of January 4, 2010.

The Department of Financial Institutions has put together information on the statutes, rule and procedural changes that will affect Mortgage Bankers, Mortgage Brokers and Mortgage Loan Originators doing business in Wisconsin. Because of the significant changes taking place, it is critical that each licensee review the undated statutes and rules closely. For details, please visit our Mortgage Banking web page at: http://www.wdfi.org/fi/mortbank/.

Additional information on the National Mortgage Licensing System is available on their website at: http://mortgage.nationwidelicensingsystem.org/Pages/default.aspx.

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