Loan Originator: Renew My License
The following information is important and concerns all new loan originator applicants AND all loan originators or loan solicitors applying for the renewal of their license.
The SAFE Act provides that to be eligible for a license, an individual must not have been convicted of any felony within the preceding seven years or convicted of certain types of felonies at any time prior to application.
As of May 4, 2009, Rule DFI – Bkg 47.08(1) , Wis. Stats., states
that the division shall not approve mortgage loan originator applications
unless the applicant meets the requirements of s. 224.725(3)(a) and (b),
Stats., as affected by 2009 Wisconsin Act 2. Section 224.725(3)(b), Wis.
Stats., states that the division may issue to the applicant a mortgage
loan originator license if the division finds that the applicant has
not been convicted of, or pled guilty or no contest to, a felony in a
domestic, foreign, or military court during the 7-year period preceding
the date of the application or, for a felony involving an act of fraud,
dishonesty, breach of trust, or money laundering, at any time preceding
the date of the application.
Continuing Education Requirement
If your license expires July 1, 2007 or later, you are required to fulfill the continuing education requirement in order to renew your license. For more information regarding continuing education requirements, you can view our CE page.
Renew your license online at www.pulseportal.com.
If your license expired more than 30 days ago, you must reapply.