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Home > Advocacy > State Leg/Reg Resources
The State Legislative and Regulatory Resource Center supports mortgage banking professionals staying abreast of state and local legislative and regulatory matters affecting the real estate finance industry. The resources and services include information about the State Legislative and Regulatory Committee, MBAlert, online state legislative database, monthly exchange calls, reports, and other state-related resources. The State Legislative and Regulatory Committee (SLRC) focuses its attention on state legislation and regulations that affect the real estate finance industry. The SLRC deals primarily with residential lending issues, however when commercial or multifamily lending issues arise they are addressed accordingly. Each month the SLRC conducts a Monthly Exchange Call amongst its members where information is shared about the latest state legislative and regulatory developments affecting the mortgage banking industry. Click here to join the SLRC .
MBA's State Priority Issues
Transitional Licensing for Qualified Loan Originators
A Transitional License would permit qualified registered loan originators and out-of-state loan originators to be issued a transitonal license under certain circumstances while successfully completing state licensing requirements, including any pre-licensing education and a state-specific test. The loan originators would only be eligible for a transitional license after certify that they meet several criteria.
Transitional Licensing Resources:
MBA's Transitional Licensing Proposal Outline
MBA's Tansitional Licensing Model Amendment
Patton Boggs Legal Opinion on Transitional Licensing
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