Monthly Archives: June 2009

Home » Mortgage Licensing News » Archives for June 2009
22 06, 2009

FAQ for Washington Consumer Loan License Changes

June 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

June 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 [...]