Monthly Archives: January 2008

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7 01, 2008

New York Issues Loan Originator Rules

January 7th, 2008|Loan Originator Licensing, Mortgage Licensing News|

NYSBD Issues Loan Originator Rules. On December 19, the New York State Banking Department (NYSBD) issued rules implementing the state’s new mortgage loan originator licensing statute (NY CLS Bank Article § 599-a et seq.) which goes into effect on January 1, 2008. Under the rules, originators who have not worked previously in New York will [...]

1 01, 2008

January 2008 Mortgage Licensing Update

January 1st, 2008|License Updates, Mortgage Licensing News|

There have been a lot of changes in 2007, and we can expect even more in 2008. With the state legislators gathering together and the current market conditions influencing their legislative decision-making power, we can expect numerous new laws relating to the mortgage industry from each state. Especially if the US Congress decides to pass [...]