Legislative Session number- 85

Bill Name: SF1313

Regulating mortgage originators and servicers; requiring licensees to present
evidence to the commissioner of commerce of having met the continuing education
requirements before the commissioner renews a license; specifying certain
continuing education requirements; authorizing the commissioner to adopt rules;
specifying certain license reinstatements requirements; authorizing the
commissioner to establish a procedure for renewal of course accreditation;
creating the residential mortgage originators and servicers recovery fund,
specifying certain funding, fee and investment requirements; specifying a
procedure for recovery of a judgment; specifying certain recovery limits;
specifying certain duties of the commissioner relating to revocation of license
for payment from fund, subrogation clause
(je)