Licensing Compliance and Administrative Hearing

Once licensed, a Mortgage Loan Originator must maintain their license to continue to work in the field.  Often, an issue may arise when the MLO’s credit suffers.  The result of the down economy has lead to many MLO’s credit to suffer.  The SAFE Act was enacted in 2010, so the law is not fully developed in this field. 

If you have received a Licensing Compliance letter or have been summoned to appear for an Administrative Hearing, it is important to rely on the advice of an attorney.  

© Law Offices of Daniel D. McLean, PLC 2011