To require mortgage loan officers to provide written notification to the state Office of Financial and Insurance Services (OFIS) within 10 days whenever they start or stop working for a mortgage lender or broker, move, change their phone number or are convicted for certain financial malfeasance or fraud crimes. The bill is part of a subprime home loan regulation package comprised of House Bills 5287 to 5310.
38 Yeas / 0 Nays | |
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Democrat (17 Yeas / 0 Nays) | |
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