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New Mortgage Administrative Rules

Rule Number Rule Sub-Heading Effective Date
R162-2c-201a(2)(e)(iii) A third option was added for qualifying to pursue the Lending Manager license. This optin allows individuals who have been loan managers for ten years or more another option to pursue this license. 2/10/2015
R162-2c-201(2)(o) A Lending Manager applicant can seek approval from the Division to take the education and testing for the Lending Manager license prior to obtaining pre-approval if they demonstrate that it could adversely affect their current employment. This exception is made at the applicant's risk that they will qualify for the license. 2/10/2015