Authorizes the Division of Financial Institutions to create rules for residential mortgage lenders, brokers, and loan originators.
The bill authorizes the Division of Financial Institutions to promulgate a legislative rule concerning residential mortgage lenders, brokers, and loan originators. This rule was initially filed in the State Register on July 24, 2025, and was modified to address objections from the Legislative Rule-Making Review Committee before being refiled on September 10, 2025. The rule aims to establish guidelines and standards for these financial entities.
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