Bill > H1076

This bill proposes to amend the existing mortgage licensing law in Massachusetts. The key provisions include: 1. Setting the annual investigation and license fees for mortgage loan originators at a minimum of $500 for non-Massachusetts corporations and $300 for corporations headquartered within the Commonwealth of Massachusetts, with an exemption for community development corporations. 2. Requiring mortgage loan originators to renew their licenses annually, with the renewal application to be submitted on a form prescribed by the commissioner and signed under the pains and penalties of perjury, containing information as required by the commissioner. The bill aims to update the mortgage licensing requirements in Massachusetts, adjusting the fee structure and renewal process for mortgage loan originators.

Business and Industry

https://malegislature.gov/Bills/193/H1076