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Financial Services Law Insights and Observations

Nebraska Dept. of Banking and Finance to allow office relocations for MLOs

State Issues Nebraska Mortgages Loan Origination Covid-19

State Issues

In March, the Nebraska Department of Banking and Finance released a form application for mortgage loan originators, processors, and underwriters to apply for a temporary office relocation due to Covid-19 quarantine procedures.  This follows March 12 guidance from the department to temporarily allow licensed, sponsored MLOs to work from an unlicensed branch upon notification by the sponsor, and approval by the Department.

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