Monthly Archives: June 2007

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8 06, 2007

Washington Loan Originators Must Now Pass a State Test

June 8th, 2007|Loan Originator Licensing, Mortgage Licensing News|

Effective June 5th, 2007 Washington Loan Originators are required to pass a test prior to licensing in the state.  All loan originators licensed prior to that date will be required to pass the test by December 31st, 2007.  The new Washington Loan Originator and Designated Mortgage Broker Licensing Test is now available.  The Test will [...]

6 06, 2007

Colorado Now Requires HUD Exempt Mortgage Companies to Get Licensed

June 6th, 2007|HUD, Mortgage Companies, Mortgage License, Mortgage Licensing News|

Effective June 1st, 2006 - Temporary Registration 1. Each and every mortgage broker including those who made a good-faith effort to comply with or who were exempt from the previous registration law, HB 06-1161, §§ 12-61-901 to 911, C.R.S. is hereby granted immediate, temporary registration through and including September 1, 2007, or until such date [...]

4 06, 2007

Alaska Soon Requires Mortgage Licensing

June 4th, 2007|Mortgage License, Mortgage Licensing News|

Effective July 1, 2008, mortgage lenders, mortgage brokers, loan originators, and other persons who engage in activities relating to mortgage lending in Alaska will be required to be licensed by the state.  HB 162 sets up a fee schedule for the license and requires an applicant to pass an exam. The bill requires licensees to be [...]

4 06, 2007

Georgia Loan Officer Licensing

June 4th, 2007|Loan Originator Licensing, Mortgage Licensing News|

Effective July 1, 2007 all Georgia loan originators must be licensed to originate loans on properties in Georgia.  HB 718 amended the Georgia Residential Mortgage Act to include the liensure of loans officers.  Loan officer means a person who acts as an employee and not as an independent contractor to assist a licensee in performing [...]

4 06, 2007

South Dakota Loan Officer Licensing

June 4th, 2007|Loan Originator Licensing, Mortgage Licensing News|

December 31, 2007, Loan Originators will be required to be registered with the state of South Dakota.  The registration will be fairly simple.  At this point it appears to be contact information and a fee.  The new law will require mortgage brokers and lenders to have 2 years of documented experience as a loan originator [...]