Section DFI-Bkg 40.03 - Branch offices(2) A branch location may not be licensed under two different licensees.(3) Any of the following, if done by the branch, branch manager or employees of the branch, demonstrates that a license has been transferred or assigned to the branch: (a) Assuming responsibility and liability for branch office leases, or signing rent or equipment leases for the branch location.(b) Assuming responsibility and liability for utilities, advertising or other bills incurred by the branch.(c) Paying for branch start up costs, including the cost of branch licenses, bank account deposits, license fees, security deposits, payroll fees or loan software fees.(d) Signing agreements to pay monthly fees for using the mortgage banker's or mortgage broker's license.Wis. Admin. Code Department of Financial Institutions DFI-Bkg 40.03
CR 09-060: CR Register December 2009 No. 648, eff. 1-1-10.Amended by, CR 23-039: r. (1), am. (2) Register February 2024 No. 819, eff. 4/1/2024