MBA Releases State-by-State Commercial/Multifamily Mortgage Banking Licensing Resource

The Mortgage Bankers Association announced a new member benefit for lenders: a state-by-state compilation of commercial/multifamily mortgage state licensing laws.

“This resource will help members navigate the sometimes murky waters of state licensing regimes,” said MBA President and CEO David Stevens. “While nothing can replace appropriate legal counsel, this tool can help an MBA member assess state requirements and engage in business planning for the future.”

Stevens said this information will provide an initial resource for MBA members who would benefit from a greater understanding of the applicable mortgage licensing law framework for various states.

Specifically, the online resource contains state licensing requirements for activities of commercial mortgage banking and brokerage on a state-by-state basis, sources and applicable statutory references, and contact information for pertinent government agencies and applications.

The full resource, accessible to MBA members only, can be accessed here. For more information please visit www.mba.org/membership.