consumers: Good news for Realtors and Consumers in New Mexico
- 05/25/10 03:22 PM
Senate Bill 342 passed both houses and was signed by the govenor back in the spring of 2009. It requires all state licensed loan originators to obtain a license by July 31st 2010. Only federally charted depository employees, credit unions, and the Farm Credit Administration are exempt. That day is fast approaching. I think it is a good thing. As one of only a few instructors approved to teach loan originators their required pre-licensing courses, I have seen many a loan originator recently that definitely needs the education. I had one of my former students call me yesterday because she failed … (1 comments)
Senate Bill 342 passed both houses and was signed by the govenor back in the spring of 2009. It requires all state licensed loan originators to obtain a license by July 31st 2010. Only federally charted depository employees, credit unions, and the Farm Credit Administration are exempt.
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