Course 1: Webinar 3 (Licensing Requirements)

Below is an interview by National Note Association’s President, Divina K. Westerfield, Esq. of mortgage licensing attorney Herb Thomas, Esq. of www.Thomas-Law.com regarding licensing requirements of mortgage and note brokers.  Because this interview left many questions unanswered about current licensing requirements, President Westerfield has pledged to write the states in which members currently reside in order to get more clarity on the licensing questions.  Each member must determine in his or her own state what license is required based on your operational model.  NNA cannot provide legal advice to all members on this issue and members are strongly advised to seek legal advice in your own state.

Here is the latest statement found on 10-25-2012 regarding licenses for secondary market mortgage brokers: Click Here 

 

We are attempting to find guidance in each of the 50 States about whether licensing is required in a specific state. We will post information as we obtain it for each State and update it as soon as we become aware of it. Please note that this cannot replace our recommendation to obtain a legal counsel’s opinion in your state, as we have limited resources to monitor licensing requirements in each jurisdiction. If you obtain such an opinion, and wish to share with the NNA, it would be greatly appreciated.

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Guam
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Virgin Islands
Washington
West Virginia
Wisconsin
Wyoming

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