Georgia Governor Signs New Mortgage Licensing Law
A new law has been signed into law in Georgia that somewhat loosens mortgage licensing law requirements. The Peach State no longer extends its standards across the country. What was at issue was prohibition on licensing convicted felons. Georgia law said no felons could work for a company originating mortgages in the state, even if the former convicts never did mortgage work in Georgia. That placed an undue burden on national companies with locations in multiple states.
Source: nationalmortgageprofessional.com
