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Home / Focus / Banking & Finance / Licensing overload; Financial Institutions has thousands of new businesses to license, regulate (access required)

Licensing overload; Financial Institutions has thousands of new businesses to license, regulate (access required)

A state law nearly doubling the amount of loan originators and brokers who must be licensed and monitored by the state has increased the workload of a staff already struggling to keep up with approving new mortgage-originator licenses, regulating existing businesses and protecting consumers.

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