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Code · Wisconsin · Chapter 224 — Miscellaneous banking and financial institutions provisions

224.81 Limitation on actions for commissions and other compensation.

98 words·~1 min read·/wi/chapter-224/224-81-9

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224.81 Limitation on actions for commissions and other compensation. A person who is engaged in the business or acting in the capacity of a mortgage banker, mortgage loan originator, or mortgage broker in this state may not bring or maintain an action in this state to collect a commission, money, or other thing of value for performing an act as a mortgage banker, mortgage loan originator, or mortgage broker without alleging and proving that the person was licensed under this subchapter as a mortgage banker, mortgage loan originator, or mortgage broker when the alleged cause of action arose.
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