SC S673

Legislative Description

Change The Registration Requirements To Licensing Requirements, To Conform Definitions To Those Set Forth In The South Carolina Mortgage Lending Act, Require Certain Professional Courses, An Additional Year Of Experience, And A Fingerprint Check For Mortgage Brokers And Loan Originators, Require Certain Records Be Kept And Made Accessible, Add Certain Prohibitions In Connection With A Real Estate Appraisal, Require And Prescribe Mortgage Broker Agreements, Authorize Enforcement By The Department Of Consumer Affairs And Prescribe Administrative Penalties Including Fines And Injunctions And A Criminal Penalty, Require Certain Reports And Filings, And Provide For Participation In A Nationwide Mortgage Registry. - Ratified Title

Last Action

Committee Referrals