New York S10587 allows remote work for licensed mortgage loan originators and staff under certain conditions.
New York S10587 amends the banking law to provide remote work flexibilities for licensed mortgage loan originators and staff of licensed mortgage bankers, registered mortgage brokers, and mortgage loan servicers. This bill allows remote work if the employer provides a secure workspace, ensures compliance with federal and state information security requirements, and maintains written policies and procedures for remote work. The bill also outlines specific conditions for remote locations, such as prohibiting ownership or leasing by the employer and requiring secure access to company systems.
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