Provides remote work flexibilities for licensed mortgage loan originators and staff and employees of licensed mortgage bankers, registered mortgage brokers and mortgage loan servicers under certain circumstances

Summary

The bill lets licensed mortgage loan originators, mortgage bankers, brokers and servicers let employees work from a remote location instead of a branch office, as long as the location meets a set of security and operational requirements. It adds a definition of “remote location” and removes the need to obtain branch‑office authority for such sites, while imposing detailed policies, record‑keeping, and supervision standards. The superintendent can restrict or revoke remote‑work permissions if the rules aren’t followed.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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