Pennsylvania Regulation Updates

Effective Date: February 21, 2022

The passage of House Bill 1588 will now permit loan originators working for nonbank lenders the opportunity to conduct business from remote offices, including private homes, which meet security and consumer-protection standards. The new law also removes a prior stipulation that mandated originators to live within 100 miles from the nearest licensed branch.

Read more here: Remote loan originations now offered permanently in Pennsylvania | National Mortgage News