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2016 SESSION

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HB 968 Mortgage lenders and mortgage brokers, licensed; posting license.

Introduced by: Glenn R. Davis | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Mortgage lenders and mortgage brokers; posting license. Eliminates the requirement that a licensed mortgage lender or mortgage broker prominently post his license in each office of the licensee. The measure requires such a licensee to display proof of licensing upon request and to prominently display at any location where the licensee conducts business in person with a borrower or prospective borrower the telephone number and website address for the State Corporation Commission where borrowers and prospective borrowers may confirm the status of his license.

SUMMARY AS INTRODUCED:

Mortgage lenders and mortgage brokers; posting license. Eliminates the requirement that a licensed mortgage lender or mortgage broker prominently post his license in each office of the licensee. The measure requires such a licensee to display proof of licensing upon request and to prominently display at any location where he conducts business in person with a borrower or prospective borrower the telephone number and website address for the State Corporation Commission where borrowers and prospective borrowers may confirm the status of his license.