Authorizes the Division of Financial Institutions to create rules for residential mortgage lenders, brokers, and loan originators.
This bill authorizes the Division of Financial Institutions to promulgate a legislative rule concerning residential mortgage lenders, brokers, and loan originators. The rule, previously modified and refiled in the State Register, aims to address objections from the Legislative Rule-Making Review Committee. This authorization allows the Division to establish regulations that will govern these financial entities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.