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.
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Pennsylvania Correspondent Lenders Bond
October 12, 2009 by Eric WeisbrotDiscuss: Comments (0)
Category: Commercial Bonds, Surety News
Tags: Correspondent Lenders Bond, PA, pennsylvania, Pennsylvania Mortgage Broker Bond
