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WI SB315

Bill

Official Source

Status

Enrolled

1/15/2026

Primary Sponsor

Rob Stafsholt

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Eliminates the $100,000 minimum net worth requirement for licensed mortgage brokers in Wisconsin
  • Removes the requirement for mortgage brokers to submit CPA-reviewed financial statements as evidence of net worth
  • Maintains the existing $250,000 minimum net worth requirement for mortgage bankers, which still requires CPA-attested financial statements
  • Amends section 224.72(4)(b) of the Wisconsin statutes governing mortgage broker and banker licensing

Legislative Description

The minimum net worth requirement for licensed mortgage brokers.

Last Action

Report correctly enrolled

1/15/2026

Committee Referrals

Rules1/7/2026
Financial Institutions and Sporting Heritage6/6/2025

Full Bill Text

No bill text available