How SB 315 changes current law

An Act to amend 224.72 (4) (b) of the statutes; · Wisconsin

How this bill changes current law

1 change

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill repeals the minimum net worth requirement for mortgage broker licensure.

  • 224.72(4)(b)

    a minimum net worth of $100,000 for a mortgage broker.

    This change eliminates the financial barrier for becoming a licensed mortgage broker.

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