HB4116 - Tennessee: Mortgages

Companion Bill SB4160. Mortgages - Revises and adds various provisions governing persons in the mortgage industry, including requiring applicants for a license as a mortgage lender, mortgage loan broker, mortgage loan servicer, or mortgage loan originator to complete an educational training course; requires criminal background checks; authorizes participation in multi-state automated licensing system. - Amends TCA Title 45, Chapter 13. Fiscal Summary for *HB4116 / SB4160Increase State Expenditures - Not Significant Bill Summary for *HB4116 / SB4160 This bill revises various portions of the Tennessee Residential Lending, Brokerage and Servicing Act of 1988, as follows: (1) This bill authorizes the commissioner of commerce and insurance to require the following persons to consent to a criminal history records check and to provide a set of [...]

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