(1) The Legislative Assembly finds and declares that:
(a) The public interest is served by identifying a loan originator with a specific mortgage banker or mortgage broker; and
(b) The public must be protected from the conflicts of interest created when a loan originator is employed by more than one mortgage lender.
(2) A loan originator may not originate loans for more than one mortgage banker, mortgage broker or other mortgage lender or independent mortgage agency at the same time. [2001 c.952 §3]
Section: Previous 59.940 59.945 59.950 59.955 59.960 59.962 59.965 59.967 59.969 59.970 59.971 59.972 59.973 59.975 59.977 NextLast modified: August 7, 2008