MBA Expands C/MF Mortgage Banking Licensing Law Resource

The Mortgage Bankers Association updated and expanded its state-by-state compilation of commercial/multifamily mortgage state licensing requirements.

This MBA member-only benefit, while not legal advice or guidance, provides a way for MBA members to learn more about the mortgage licensing law framework for various states.

This expanded resource now covers state requirements for servicing commercial/multifamily mortgages as well as requirements for making or brokering commercial/multifamily mortgages. For each state, the resource describes relevant state licensing requirements and provides links to applicable statutes and state regulator resources and contacts.

“This information provides a resource for MBA members who would benefit from a greater understanding of the mortgage licensing law framework for various states,” said MBA President and CEO David Stevens, CMB.

MBA acknowledged Bradley Arant Boult Cummings LLC Partner Haydn Richards for his legal review and updates to the compilation and for his support in adding servicing-related requirements in 2018.

Click here or contact Bruce Oliver at boliver@mba.org for more information.