Georgia Licensing Requirements for Broker of Secondary Market Mortgages

In researching the legality of buying and selling notes in Georgia, we found the following url:

http://sos.georgia.gov/securities/investment_advisor.htm

At this page we found the following frequently asked question:

6. Are promissory notes considered securities and, if so, do sellers have to be registered?

Generally, yes. The promissory note itself should be registered as a security.  Persons or firms selling promissory notes may have to be registered as dealers, salespersons, investment advisers or investment adviser representatives.

Leave a Comment