License Updates

5 11, 2009

North Carolina Annual Mortgage Broker License Renewal Notice

November 5th, 2009|License Updates, Mortgage Licensing News|

NC Commissioner of Banks Office Mortgage Licensing Division Location: 316 W. Edenton Street, Raleigh, NC 27603 Mailing Address: 4309 Mail Service Center, Raleigh, NC 27699-4309 Telephone: 919-733-0589 Fax: 919-733-2978 Internet: www.nccob.org October 16, 2009 Company Annual License Renewal Notice RENEW YOUR LICENSE ONLINE AT: www.stateregulatoryregistry.org/NMLS BEFORE DECEMBER 31, 2009 The Renewal Period will begin November [...]

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) [...]

1 07, 2008

July 2008 Mortgage Licensing Update

July 1st, 2008|License Updates, Mortgage Licensing News, Uncategorized|

States are finally starting to finish off their attempts to legislate the housing problem. There are still many proposed foreclosure rescue plans in the state and federal legislatures, but most state licensing bills have been either passed or voted against. There is still some talk of a federal licensing requirement for mortgage companies if the [...]

2 06, 2008

June 2008 Mortgage Licensing Update

June 2nd, 2008|License Updates, Mortgage Licensing News|

The activity in the states continues to rise. Numerous states are considering legislation to curb the foreclosure crisis. Nothing of course can stop it at this point, but the states seem to feel that increased regulation of mortgage companies will at least help the situation. Mortgage Licensing is one of the hotly debated topics in [...]

1 05, 2008

May 2008 Mortgage Licensing Update

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

FHA Licensing US Congress is continuing to lag on any FHA Modernization Bill. Hopes of FHA Licensing becoming easier are slowly fading. Maryland Bond Increase MD surety bond increases are effective 6/1/08. Notices will be sent out soon. Bonds will need to be increased. It depends on loan volume. Idaho Eliminates Loan Officer Bonding Requirement [...]

1 03, 2008

March 2008 Mortgage Licensing Update

March 1st, 2008|License Updates, Mortgage Licensing News, Uncategorized|

With the Economic Stimulus bill passed, it looks like the FHA modernization bill has been held up once again. The President asked Congress to move forward with the latter bill during the signing of the Economic Stimulus bill, and many are hoping it will pass this month. Massachusetts finally released the new bond format. The [...]