Vermont passes law allowing mortgage employees to work from home

State Issues Covid-19 Vermont Mortgages Mortgage Origination Mortgage Broker Mortgage Servicing

On May 4, the Vermont legislature passed SB 88 (now known as Act 25), which among other things, permits mortgage loan activity to be conducted outside of an entity’s main place of business or branches.  Act 25 allows a mortgage originator, broker, or servicer’s employees to work from their residence, assuming the individual is adequately supervised by the employer.