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Mortgage Compliance Insights
State Licensing Update 10/01/09
October, 9 2009
Licensing Update 10/01/2009
ALABAMA
NMLS Transition Deadline: December 31, 2009
Alabama has rescinded their FHA exemption for lenders. Section 5-19-31 of the Alabama Consumer Credit Act was amended to remove the exemption as to licensing for “an approved mortgagee under the provisions of the National Housing Act”. As to a result, the amendment removes what has been commonly [...]
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