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Fall 2018 Newsletter
See enforcement actions taken by the Division of Consumer Services.
At DFI, we are always striving to be more efficient. We often review our processes and activities for efficiency and effectiveness. Our goal is to be continuously improving. I’ll give you a few examples.
As we move through October, now is the time to get ready to renew your license. Starting November 1, virtually every licensee must take action to maintain licensure in 2019. The steps to renew or complete an annual attestation vary between license types.
During the third quarter 2018, the residential mortgage loan servicing team conducted 21 examinations. Three exams were conducted on-site. The remainder were off-site. Overall, the trend is more “1” rated exams and less “2” rated exams than the previous quarter.
Congress passed legislation amending the federal S.A.F.E. Act, the federal licensing and registration requirement for mortgage loan originators (MLO).
The American Association of Residential Mortgage Regulators (AARMR) provides a forum for state residential mortgage regulators to exchange information and education regarding licensing, supervision, and regulation of the residential mortgage industry.
Updates for Student Education Loan Servicers, Consumer Loan Act, and Uniform Money Services Act.
Updates for the mortgage industry.
Updates for Check Cashers and Sellers.
Updates for the Escrow industry.
Updates for the Money Services industry.