Washington adopted rules allowing loan originators to work at remote locations. Under the rule, a mortgage lender or broker licensed under the Consumer Loan Act or the Mortgage Broker Practices Act may allow loan originators to work at a remote location if certain conditions are met. “Remote location” means a location other than a licensed location, principal office or registered branch office. The rule adoptions become effective January 1, 2023.
Click to view the WA Rule Adoption – Consumer Loan Act: https://www.tenaco.com/wp-content/uploads/2022/12/WA-Rule-Adoption-Consumer-Loan-Act-12-02-22.pdf
Click to view the WA Rule Adoption – Mortgage Broker Practices Act: https://www.tenaco.com/wp-content/uploads/2022/12/WA-Rule-Adoption-Mortgage-Broker-Practices-Act-12-02-22.pdf
