TN Mortgage Originator Reform Act signed last week

Mortgage and Lending with Fairway Independent Mortgage Corporation Loan Officer, NMLS 184479

Last week, Governor Phil Bredesen signed into law the new Mortgage Originator Reform bill. This legislation mandates continuing education for all persons who originate mortgage loans in the state. It is really the second step taken to enhancing professionalism in mortgage industry in Tennessee.

Prior to the institution of originator registration, three years ago, there were only minimal requirements to become a mortgage professional. The requirements primarily were to post a bond.There were no educational requirements.

State licensing has helped, but I think that the education requirement is an even bigger step.

It still remains to be seen how the new regulations will be implemented and what the education requirements will be.  Any start though is a start.

Here is a photo of the bill signing. Tina Christein, president of the TNAMB for 2008 and vice president of American Acceptance Wholesale, is the lady in the photo, third from the left. Photo is taken from the TNAMB news release article.

 photo taken fro TNAMB site Mortgage Originator Reform bill signing

The TNAMB website is


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Richard Smith
NMLS# 184479 TN# 104002 Georgia Residential Mortgage Licensee, GA#28928 

Conventional, FHA, FHA 203k, HUD $100 down purchases, VA,

Rural Development (USDA), THDA and Jumbo Loans

Lending in Chattanooga, Tennessee and Georgia for over 20 years.

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Cell phone: 423-280-0345 Email:

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This blog represents the opinions of Richard Smith. The posts and comments written on the blog do not represent the opinions or positions of Fairway Independent Mortgage Corporation.


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