- Introduced -

SB 728 - This act modifies several provisions pertaining to Residential Mortgage Brokers. After January 1, 2003, individuals applying or renewing a mortgage broker license will have to show proof of completion of a continuing education course. The act modifies the process for appointment to the Residential Mortgage Brokers Board. Effective January 1, 2003, the required net worth for a licensed mortgage broker from $25,000 to $50,000.

JIM ERTLE