2009-08-31 — ml-implode.com
"The Colorado General Assembly passed House Bill 1085 in 2009. This bill became effective August 5th, 2009. House Bill 1085 defines circumstances in which the Director may inactivate a mortgage loan originator license if they have failed to comply with the education and testing requirements.
As a result, the Director inactivated 4,560 licenses on August 31, 2009."
[The above figure represents over half of all Colorado Licensees]
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tvsterling at 07:31 2009-09-01 said:
Their heart's in the right place but might this not just result in better educated crooks? Lots of crooked car repairmen keep perfect licenses but they're still crooks. Might be better to make a prospective home buyer pass a financial literacy test then they won't be babes in the woods. Permalinkmortgagemess at 08:29 2009-09-01 said:
Well at least they were smarter than Florida..Gov Charlie Crist put in laws for mortgage brokers that take effect in late 2010...yet renewals today prolonged the license well into 2011????...yep...Gov Crist that is going to show the bad guys!! Permalinkadd a comment | go to forum thread
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