Connecticut issues CDO against unlicensed small-dollar marketplace lender
The California-based respondent allegedly violated several provision of the Connecticut General Statutes, as well as Section 1036 of the CFPA.
Georgia amends mortgage lender/broker licensing provisions
Among other things, the act defines “covered employee” and adds them to the list of persons who may not be licensed due to a felony conviction.
Georgia updates license exemption provisions
Among other things, the bill establishes that an individual cannot engage in the business of making installment loans or acting as an installment lender in Georgia unless that person is licensed.