In 2008, the United States Congress passed the Safe and Fair Enforcement for Mortgage Licensing Act (SAFE Act), which required all state regulators to regulate mortgage loan originators who originated consumer loans secured by 1-4 unit residential properties (“Dwellings”). The states were empowered to legislate more restrictive licensing requirements if they desired. To date, ten …

Current Florida Bill Aims to Remove the Long-Standing Business Purpose Exception from Mortgage Lender Licensing Read More »