New HUD data shows growth in reverse mortgage activity: Miami is country’s largest market

Tennessee's SB 4160 to become effective Jan. 1MortgagePress.comSB 4160, Commissioner of Commerce and Insurance, fingerprinting, education requirements Tennessee Senate Bill 4160 becomes effective on Thursday, Jan. 1, 2009. Key points of the legislation include: • New authorization for the Commissioner of Commerce and Insurance to require fingerprints from certain license and registration applicants; • Amended initial education requirements for mortgage lender, mortgage broker, mortgage servicer, and mortgage loan originator license and registration applicants; • New disclosure requirements for stockholders owning ten percent (10%) or more of outstanding capital stock; and • Provisional authorization for mortgage loan originators to conduct business while awaiting registration approval from the Commissioner. For more information of SB 4160, click here.