Thomas J. Candon was appointed deputy commissioner of Banking in June 1993 and also served as deputy commissioner of the Securities Division from August 2008 to February 2014.
Mr. Candon has experience with a Vermont bank as a municipal services officer, investment and deposit services officer, mortgage banking manager, and operations division manager. He held registered securities representative and registered securities principal licenses while at the bank.
Extends to January 1, 2013 the date by which financial advisors must obtain a mortgage loan originator license if they recommend, refer or steer clients to a lender for a residential mortgage loan for compensation or gain or in the expectation of compensation or gain.
This bulletin gives financial advisors a transition period to obtain a mortgage loan originator license in response to changes made by Act 85 that expanded the definition of a mortgage loan originator.