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

April 08, 2021

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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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