State Bank Regulators Group Announces Officers,
Board for 2010-2011
WASHINGTON, D.C. - Following its annual business meeting in Boston,
Mass., the Conference of State Bank Supervisors (CSBS) announced
the results of officer and board elections for 2010-2011. As part
of the election process, Michael J. Mach, the Administrator of the
DFI Division of Banking, was appointed by the CSBS Board of Directors
to be an at-large board member for 2010-2011.
We congratulate Mike on his appointment and thank him for taking
on this important role.
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.
2010
Closure Dates (PDF: 18 KB / 1 page)
