Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can you summarize WIAC DFI-Bkg 16.05?
Real Estate Brokerage Services > Bank offering of real estate brokerage services.
Short Summary
A bank may provide real estate brokerage services directly or through a subsidiary at its home office, authorized branch offices, and other locations, provided, the bank does not make loans, accept deposits, provide trust services other than as permitted by s. 221.0316 , Stats., or cash checks or other negotiable instruments at such other locations. Notification of locations shall be made annually as part of the financial statement. Prior approval by the administrator of the division of banking of such other locations is not required. History: Cr. Register, June, 1987, No. 378, eff. 7-1-87; correction made under s. 13.93 (2m) (b) 7., Stats., Register October 2001 No. 550.
Jurisdiction
Wisconsin