Act 225, SB756 SD1 HD2 CD1, 07/09/2015

Posted on Jul 10, 2015 in 2015 Acts

RELATING TO THE SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT.

Establishes a mortgage license exemption for seller-financed mortgage loans, if certain conditions are met. Requires the seller to provide to the buyer the terms of the financing. Requires the seller to provide a disclaimer, to be initialed by the buyer, regarding the financing. (SB756 CD1)