Avalanche of State-Level Lending Law Changes; NMLS CE Changes with TRID

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Posted To: Pipeline Press

I am driving to the San Diego conference and bunked down in Santa Barbara for the night. It is a friendly place, but news reached me reminding me that anyone can sue anyone else - and when the suit hits the press and moves the stock price, especially ahead of a national mortgage conference, well... let's just say that Bank of Internet has had better weeks . As if federal laws and federal regulations weren't enough to keep track of, don't forget the states! Rhode Island has amended Regulation 6 as it applies to lenders, loan brokers and small lenders. Updates include a licensee who lends, brokers or services any mortgage loan must appoint a person who holds a valid Rhoda Island Mortgage Loan Originator License as the qualified individual or branch manager. The qualified individual or branch...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/10162015-state-mortgage-laws.aspx

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