Texas adopts rules covering mortgage licensee requirements
The amended regulations include updates to definitions, disclosure requirements, and other licensee duties and responsibilities.
Florida amends licensing application procedures
The Department of Financial Services, Office of Financial Regulation amended rules related to the application procedures for prospective loan originator, mortgage broker, and mortgage lender licensees.
NY bill requires licensing for all commercial financing under $500K
The legislation would exempt certain banking organizations, any lender who makes or solicits five or fewer commercial financing products within a 12-month period, and check casher licensees, among others.