Arkansas Amends Provisions Regarding Licensing under Fair Mortgage Lending Act (FMLA)

April 08, 2021

Arkansas Senate Bill 149 amends the Fair Mortgage Lending Act (FMLA) to clarify the qualifications for licensing; provide a process to allow loan officers to work remotely, modify the process for a change of name or address of a licensee; require licensees to establish cybersecurity policies and procedures; and other updates; effective August 2, 2021.

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