ACT 046, SB950 SD2 HD1 CD1, 6/20/2017

Posted on Jun 21, 2017 in 2017 Acts

RELATING TO MORTGAGE SERVICERS

Updates requirements relating to licensed mortgage servicers by requiring approval by the commissioner of financial institutions for a change in control; and clarifying which persons associated with a mortgage servicer are presumed to exercise control and are subject to interviews, examination, and disclosure requirements. Effective 9/1/2017.

ACT 046, SB950 SD2 HD1 CD