Mortgage loan originators; definition, establishes licensure and registry. (HB2031)
Introduced By
Del. Danny Marshall (R-Danville) with support from co-patron Del. Bob Hull (D-Falls Church)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Mortgage loan originators. Defines mortgage originator; establishes licensure and registry for originators in conjunction with the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008; and coordinates Virginia actions with the Nationwide Mortgage Licensing System and Registry, a system developed and maintained by the Conference of State Bank Supervisors that includes background checks and educational requirements. View Full Text »

