State Law And Regulation

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administrative, clerical, or support tasks

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duties for processing or underwriting. of redidential mortgage loan that include receipt, collection, distribution, and analysis of information and customer communication excluding offering, negotiating, counseling about loan rates and terms.

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american association of residential mortgage regulators aarmr

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national association of excutives and employees responsible for administration and regulation of resdenti mortgage lending, servicing, and bokering.

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application

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a request for an offer of residential mortgage loan terms that include customary information about the borrower.

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bureau cfpb

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consumer financial protection bureau also known as the bureau of consumer financial protection, est. in 2010 to help consumers better understand the agreements made with financial companies.

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depository institution

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any saving association including any credit union

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housing finance agency

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any authority chartered and supervised by the state gov to help meet affordable housing needs for state residents; subject to audit and review; and eligible for national council of state housing agencies membership

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loan processor or underwriters

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individual. who performs clerical assignments for mortgage loan originators but does not present themselves to the public as doung mortgage loan originstor activities

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nationwide mortgage licensing system and registry nmls

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system developed and maintained by the csbs and asrmr for the registration and licensing of mortgage loan originators

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federal banking agencies

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the board of governors of federal reserve system, the office of the comptroller of currency, the nstional credit union administration, and the federal insurance corperation fdic