Sec. 2. Limitation on educational courses
142 words·~1 min read·
/bill/113/hr/5310/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1505(c)(3)(A) of the S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5104(c)(3)(A) ) is amended to read as follows: To maintain the independence of the approval process— the Nationwide Mortgage Licensing System and Registry shall not directly or indirectly offer pre-licensure educational courses for loan originators; and no course offered directly or indirectly by a lender for the lender’s own employees shall qualify for purposes of paragraph (1). . Section 1506(b)(5)(A) of the S.A.F.E.
Mortgage Licensing Act of 2008 ( 12 U.S.C. 5105(b)(5)(A) ) is amended to read as follows: To maintain the independence of the approval process— the Nationwide Mortgage Licensing System and Registry shall not directly or indirectly offer continuing education courses for loan originators; and no course offered directly or indirectly by a lender for the lender’s own employees shall qualify for purposes of paragraph (1). .
Connectionstraces to 2
Traces to 2 documents
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources