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Majority of States Now Permit Remote Work for MLOs and Mortgage Company Employees

November 3, 2023 By Aldys London

A&B Abstract: On June 9, Illinois became the latest state in a growing trend to authorize remote work for mortgage loan originators and mortgage company employees. This makes five states joining the list of jurisdictions legislatively permitting MLOs to work remotely since Montana enacted similar legislation in March, with more states expected during the 2024 […]

Filed Under: Licensing, Mortgage Loans, State Law Tagged With: Florida, Illinois, licensing, MLO, mortgage lending, Nevada, remote work, Virginia

States Continue Trend Supporting Remote Work for MLOs and Mortgage Company Employees

March 27, 2023 By Morey Barnes Yost and Aldys London

A&B ABstract: Effective July 1, Montana will become the latest jurisdiction to codify authorization for mortgage loan originators and mortgage company employees to engage in remote work. That legislation follows a general trend over the past year – and, more so, since the early days of the COVID-19 pandemic – to allow remote operations. No […]

Filed Under: Licensing, Mortgage Loans, State Law Tagged With: licensing, MLO, Montana, mortgage lending, mortgage loan originator, remote work

Federal and State Guidance Regarding the COVID-19 Pandemic

March 22, 2020 By Consumer Finance Team

A&B Abstract: The Alston & Bird Consumer Finance team recognizes that this is a period of great uncertainty both for the nation and our clients. We have received numerous questions and concerns regarding what federal and state regulators are doing in light of the COVID-19 pandemic and how their response may affect day-to-day business. We […]

Filed Under: Debt Collection, Department of Housing and Urban Development (HUD), Fair Credit Reporting Act (FCRA), HUD, Licensing, Mortgage Loans, Mortgage Servicing, State Law, Unfair, Deceptive and Abusive Acts or Practices (UDAAP) Tagged With: #NYDFS, Covid-19, HUD, licensing, MLO, Mortgage Servicing, Servicing

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Recent Posts

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  • Majority of States Now Permit Remote Work for MLOs and Mortgage Company Employees
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