Rep. Tupola addresses SB 756 Fair Enforcement for Mortgage

RELATING TO THE SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT. Report Title:  Secure and Fair Enforcement for Mortgage Licensing Act; Seller Exemption Description:  Establishes a mortgage license exemption for seller-financed mortgage loans. Requires disclosures and establishes borrower protections that are similar to those applicable to mortgage transactions by a licensed mortgage loan originator, attorney, or real estate broker. (SB756 HD2)

Excerpt from Capitol TV

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