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Mass. Gen. Laws ch. 255F – Licensing of Mortgage Loan Originators | Midpage
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Massachusetts General Laws
Part III
Title IV
Chapter 255F
Mass. Gen. Laws ch. 255F
Licensing of Mortgage Loan Originators
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Definitions
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License or exemption required; registration with nationwide mortgage licensing system and registry
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Application for license; furnishing of information to nationwide mortgage licensing system and registry; waiver or modification of requirements of chapter
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Issuance of license; maintenance of license by employing entity; return of license upon termination of employment
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Pre-licensing education
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Qualified written examination
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Renewal, expiration and reinstatement of licenses
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Continuing education
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Participation in nationwide mortgage licensing system and registry; establishment of regulations relating to background checks, application and renewal fees, renewal and reporting dates and amendment or surrender of license
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Challenge to information entered into nationwide mortgage licensing system and registry
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Administration and enforcement of chapter
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Surety bonds
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Privacy and confidentiality of information provided to nationwide mortgage licensing system and registry; sharing agreements
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Investigations and examinations
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Prohibited conduct constituting violation of chapter
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Reports of condition
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Report of violations and enforcement actions to nationwide mortgage licensing system and registry
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Unique identifier of any person originating residential mortgage loan to be clearly shown on documents
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Rules and regulations