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Article: Passing of New Mortgage Brokers Practices Act Protects Consumers.
- Article from:
- PR Newswire
- Article date:
- February 28, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New Act Positions Mortgage Brokers as the Only State-certified and Licensed Mortgage Professionals
EDMONDS, Wash., Feb. 28 /PRNewswire/ -- The Washington Association of Mortgage Brokers (WAMB), the voice for Mortgage-related issues throughout the state of Washington, announced today that House Bill 2340 has been passed. In an effort to ensure consumer protection by reducing the potential for fraud, WAMB provided unwavering support of this legislative initiative, which involves loan officer licensing and expanded examination authority by the Department of Financial Institutions (DFI) in the state of Washington. The Bill offers better protection for Consumers by ...