The state of Pennsylvania activated a new law regarding correspondent lenders. HB 2179, activated 07/08/2008, now requires correspondent lenders to follow the same up to date license bond requirements mortgage brokers abide by; the mortgage broker requirement is still a $100,000 license bond. HB 2179 improves the regulatory requirements for mortgage lenders, correspondents and brokers while it also generates a class of loan originators.
Pennsylvania Correspondent Lenders Bond
October 12, 2009 by Eric Weisbrot
Category: Commercial Bonds, Surety NewsTags: Correspondent Lenders Bond, PA, pennsylvania |
