Indiana Says 360 Mortgage Brokers Face Sanctions Over New Regulations
If you are a mortgage broker or work for one in Indiana, take heed of the new regulations. The state has instituted tougher standards that you have to follow and if you do not have everything completed, you could face fines or be shut down.
It is reported that 360 brokerages in Indiana out of 950 have failed to comply with the new law. That is over a third according to my calculations. Yikes!
Of course with the downturn, some of these companies have already shut their doors. But to fail to comply with the new laws and risk your business does not make sense.
Changes in Indiana law require mortgage brokerages to employ a principal manager who has passed a competency exam, but they have been slow to comply since the requirements took effect in July 2007. Last month, Rokita announced he would suspend the licenses of companies that didn’t comply by Tuesday.
The law also requires loan officers to pass background checks and pay registration fees with the state. via The Indianapolis Star.
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What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
