New York A11565 allows remote work for licensed mortgage loan originators and staff of mortgage bankers, brokers, and servicers under specific.
New York A11565 amends the banking law to provide remote work flexibilities for licensed mortgage loan originators and staff and employees of licensed mortgage bankers, registered mortgage brokers, and mortgage loan servicers. Employers must authorize remote work, implement risk-based monitoring, and ensure employees comply with established processes. Remote locations must meet security standards, and employers must certify employee compliance annually. The bill also allows for the opening and maintaining of branch offices without requiring authorization for remote locations.
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