Texas adopts rules covering mortgage licensee requirements
The amended regulations include updates to definitions, disclosure requirements, and other licensee duties and responsibilities.
The amended regulations include updates to definitions, disclosure requirements, and other licensee duties and responsibilities.
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.
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.
As states continue to extend work-from-home orders in response to the Covid-19 pandemic, and considering that remote work will continue to be the norm for many individuals even after the pandemic subsides, licensees must be prepared to address regulators’ heightened concern for data security.
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Learn more about this topic and others in the NMLS Resource Center under “Agency News.”
The Department of Consumer Credit extended, for the sixth time, its interim guidance to regulated entities on working from home in response to the Covid-19 pandemic.
California’s Department of Financial Protection and Innovation released opinion letters covering aspects of the Money Transmission Act related to Bitcoin ATMs.
The consent order requires the commercial financing company to desist from lending in California unless and until licensed under the CFL, among other things.
The panel discussion on Jan. 12, 2021 is part of the California Mortgage Bankers Association Legal Issues & Regulatory Compliance Conference.
The Department of Banking and Finance recently updated its guidance regarding temporary branch relocations, effective through the end of 2020.
Several state regulatory agencies updated guidance on emergency measures for home equity lenders to consider in response to the COVID-19 pandemic.
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The Consumer Credit Commissioner updated its advisory bulletin urging motor vehicle sales finance licensees to work with consumers during the pandemic.
The Consumer Credit Commissioner issued updated guidance for regulated lenders relating to the Covid-19 crisis, effective through December 31, 2020, unless withdrawn or revised.
The redacted opinion letter covered aspects of the Money Transmission Act related to the registered clearing house and payment processing service exemptions.
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”
Learn more about this topic and others in the NMLS Resource Center under “NMLS News.”
Learn more about this topic and others in the NMLS Resource Center under “Agency News.”