MORTGAGE BROKER OR MORTGAGE LENDER
The Division of Banks licenses mortgage
lenders and brokers pursuant to
Massachusetts General Laws chapter 255E and
its implementing regulations found at 209
CMR 42.00 et seq. Applicants who are
interested in pursuing a license
to become a mortgage lender or broker should
carefully review all laws, regulations, and
regulatory bulletins governing mortgage
companies prior to submitting an
application.
The Division of Banks licenses mortgage
loan originators pursuant to
Massachusetts General Laws chapter 255F
Applicants who are interested ted in pursuing a license
to become a mortgage lender or broker should
carefully review all laws, regulations, and
regulatory bulletins governing mortgage
companies prior to submitting an
application.
If you are a new Loan Originator,
the Division is requesting that individuals
take the course prior to application, as the course
certificate should be presented to the
Division within 5 days of application, along with the other
requirements
set forth in the New Application Checklist.
You have 2 years from
completion of the course to apply for a license without
having to take the course again.
All
continuing education requirements for grandfathered Loan
Originators must be completed by the end of 2009.
In addition,
ALL 2008
continuing education credits of approved programs will be
carried from 2008 and apply to 2009. So, if you have
already taken a 2008 CE approved course,
or take any approved CEU courses this year -
They are good for
2009.
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