16 04, 2020

Loan Originator License Temporary Authority

2020-04-16T13:45:40-07:00April 16th, 2020|FAQ, Loan Originator Licensing, Mortgage Licensing News, NMLS|

Temporary LO Authority went into effect on 11/24/2019. It gives the Loan Originator 120 days from when they apply and obtain Temporary Authority to complete Education and Testing while still being able to originate loans. The State may allow you to gather required documents during that time as well; however, some states may take away [...]

22 06, 2009

FAQ for Washington Consumer Loan License Changes

2017-01-23T19:53:16-08:00June 22nd, 2009|FAQ, License Updates, Mortgage License, Mortgage Licensing News|

When SB 6471 was passed during the 2008 legislative session and became effective June 12, 2008, the definition of mortgage broker under the MBPA was amended to remove references to making a loan.  The net effect of the amendment was to prohibit lending under the MBPA.  SB 6471 also expanded the Consumer Loan Act (CLA) [...]

19 06, 2009

FAQ for Maryland NMLS Transition

2017-01-23T19:53:17-08:00June 19th, 2009|FAQ, Mortgage Licensing News, NMLS|

FAQ for Maryland NMLS Transition FREQUENTLY ASKED QUESTIONS AND ANSWERS REGARDING MARYLAND NMLS TRANSITION FOR YOUR ASSISTANCE As you know, Maryland's transition to the Nationwide Mortgage Licensing System is under way.  Your continued cooperation in this transition is greatly appreciated.  To assist licensees and applicants, we have prepared a list of "Frequently Asked Questions" and [...]

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