Relating to requirements for obtaining a mortgage loan originator's license; declaring an emergency.
Catchline/Summary:
Exempts from requirement to obtain mortgage loan originator's license corporations, governments, governmental subdivisions or agencies, trusts, estates, partnerships, cooperatives or associations that, as sellers during any 12-month period, offer or negotiate terms for not more than three residential mortgage loans. Exempts from requirement to obtain mortgage loan originator's license corporations, governments, governmental subdivisions or agencies, trusts, estates, partnerships, cooperatives or associations that, as sellers during any 12-month period, offer or negotiate terms for not more than three residential mortgage loans.
Becomes operative 91 days after effective date of Act.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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HB 3185 House Committee On Business and Labor
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