sb216: New Laws - Maryland Emergency Legislation
- 04/28/08 03:00 AM
I recently attended a Maryland Association of Mortgage Brokers Town Hall Meeting to review new laws affecting those of us in the mortgage business. These three bills are considered Emergency Legislation and will take effect in Maryland very soon. SB216 alters the recordation requirements for Mortgages/ Deeds of Trust to include the loan originators license number. Going forward this will allow the source of loans in foreclosure to be traced back to the individual loan originator. Those loan originators that are are the source of to many "bad loans" will be open to investigation. For more information on Senate Bill … (3 comments)
I recently attended a Maryland Association of Mortgage Brokers Town Hall Meeting to review new laws affecting those of us in the mortgage business. These three bills are considered Emergency Legislation and will take effect in Maryland very soon. ;)
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