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Home » Store » Taxable » State Roundup

State Roundup

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Kansas. The Sunflower State has joined a growing number of states that have tightened their broker and lender licensing laws and regulations as a means to prevent predatory lending. Specifically, the Office of the State Bank Commissioner has proposed rules requiring branches to be licensed and licensed loan originators to meet bond requirements. A $250,000 bond would be required for a residential mortgage lender and a $25,000 bond for each branch. The rules would establish…
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