Allows mortgage loan originators to conduct business from remote locations under specific conditions.
Permits mortgage loan originators to work from remote locations under certain conditions, including having written supervisory policies, a comprehensive information security plan, and prohibiting in-person customer interactions at residences unless they are licensed locations. Physical records must not be maintained at remote locations. The Commissioner of Banking and Insurance can issue rules to implement these provisions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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