For MISSISSIPPI - Important Change In State Mortgage Law - 08/01/07 04:43 PM
Effective July 1, 2007, there have been many positive changes made to the Mississippi Mortgage Consumer Protection Law (MMCPL).  Here is one of the new changes:
Did you know that Mississippi now has pre-licensure requirements for loan originators?
Here's the breakdown - please note, the information listed below is not verbatim:
-         Initial applicants must document at least (1) year of experience directly in mortgage lending within (2) years prior to the date of application.  If the person does not possess this experience, he/she will be required to complete a minimum of 24-hours of approved course material and pass a written test.  Also, if … (0 comments)