2005 Senate Bill 540 ↩

House Roll Call 345: Passed

To exempt a “leased employee” who performs services as the agent of only one mortgage broker, lender, or servicer from having to be licensed as a mortgage broker, lender, or servicer. “Leased employee” refers to "professional employer organizations" (PEOs), which are companies that "lease" employees to other firms on a long term basis but remain the employer of record for purposes of paying unemployment insurance taxes.