Proposed Amendments to Regulatory Bulletin 5.2-101 regarding the Surety Bond Requirements for Mortgage Lenders, Mortgage Brokers and Mortgage Loan Originators
Pursuant to Section 12 of chapter 255F, as a condition of obtaining and holding a mortgage loan originator license, a mortgage loan originator must be covered by a surety bond. The proposed amendments to Regulatory Bulletin 5.2-101 set forth the requirements relative to the establishment and maintenance of the required surety bond coverage for mortgage loan originators.
The Division is pleased to accept comments on the proposed amendments to Regulatory Bulletin 5.2-101 from interested parties which should be submitted by October 16, 2009 via e-mail to email@example.com or by mail addressed to Steven L. Antonakes, Commissioner of Banks, One South Station, 3rd Floor, Boston, MA 02110.
Regulatory Bulletin 5.2-102 Standard of Review for Evaluating an Individual's Credit History to Determine Whether an Applicant Satisfies the Financial Responsibility Requirements for Obtaining License4/24/2008 *
Note: UPDATE 1-3-07 Regulatory Bulletin 5.1-101 - The proposed 2006 revisions to this Bulletin have not been finalizedComment Period on Regulatory Bulletin 5.1-101 Extended Until Friday, September 8, 2006 - Proposed Revisions to Regulatory Bulletin 5.1-101 Issued for Industry Comment