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Updated over 5 years ago,
Mortgage Originator License - Commercial Loans
Hello BP Family,
Does anyone with solid first-hand knowledge about the following:
Is someone promoting or Soliciting customers for ONLY Commercial lending products, is that person (independent contractor) required to have a MOL?
I imagine as these are Commercial Loans (only to LLC etc.) would be exempt under the SAFE Act as that was for consumer-based lending, not commercial based lending.
Enlighten me, please!
Thanks