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More Regulations to Come: A sampling of recent activity by the states.

Publication: Broker Magazine
Publication Date: 01-JUL-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
ALASKA

Originators Now Licensed

Alaska House Bill 162, which establishes application, licensing, fitness and experience, record retention, and continuing education requirements for institutions and individuals involved in mortgage lending activities in Alaska, became effective July 1.

The state of Alaska previously did not license or register persons engaged in mortgage lending activities.

ILLINOIS

Predatory Bill Passed

The state senate has passed a bill that changes Illinois law regarding prepayment penalties, prohibits financing insurance...

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