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Updated over 5 years ago,

User Stats

727
Posts
500
Votes
Tony Gunter
  • Investor
  • Canton, GA
500
Votes |
727
Posts

Mortgage Originator License - Commercial Loans

Tony Gunter
  • Investor
  • Canton, GA
Posted

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

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