Arkansas passes law paving way for rules to permit mortgage employees to work outside a licensed location

State Issues Covid-19 Arkansas Mortgages Licensing

On March 29, the Arkansas legislature passed SB149 (now known as Act 531), which, among other things, permits the Arkansas Securities Commissioner to issue a rule or order to establish terms and conditions pursuant to which mortgage loan activity under the Fair Mortgage Lending Act may be conducted outside of an entity’s main place of business or branches.