Mortgage Brokers

This Regulation sets forth certain conditions and requirements pertaining to the licensing and regulation of mortgage brokers.  It establishes requirements for: (1) licensing of corporations, partnerships, and other legal entities; (2) identifying individuals authorized to operate under a mortgage broker license; (3) informing the Department of the location, management, and control of licensed locations; (4) maintaining segregated accounts; (5) record retention; and (6) mortgage broker contracts (including a form of mortgage broker contract).