Loan Processor or Underwriter Activities; Representation to Public

Checkout our iOS App for a better way to browser and research.

Sec. 3. An individual who acts solely as a loan processor or an underwriter shall not represent to the public through:

(1) advertising; or

(2) other means of communicating or providing information, including business cards, stationery, brochures, signs, rate lists, or other promotional items;

that the individual will perform mortgage loan origination activities or otherwise act as a mortgage loan originator.

As added by P.L.175-2019, SEC.2.


Download our app to see the most-to-date content.