2005 Senate Bill 639

Exempt exclusive broker from mortgage broker licensure

Introduced in the Senate

June 23, 2005

Introduced by Sen. Tony Stamas (R-36)

To exempt an “exclusive broker” who performs services as the agent of only one licensed mortgage broker, lender, or servicer from having to be licensed as a separate mortgage broker, lender, or servicer.

Referred to the Committee on Banking and Financial Institutions