H126 - Mortgage Origination Support Registration (SL 2015-293)

Overview: S.L. 2015-293 amends the Secure and Fair Enforcement Mortgage Licensing Act to authorize the Commissioner of Banks to implement a registration system for persons engaged exclusively in the processing or underwriting of mortgage loans and not engaged in the mortgage business.

The provision authorizing the Commissioner of Banks to adopt temporary rules became effective October 29, 2015. The remainder of this act became effective November 1, 2015, and applies to all applications for registration as a mortgage origination support registrant filed on or after that date.