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FDIC Approves Final Rule Requiring Registration of All Loan Originators Employed by U.S. Financial Institutions
The Federal Deposit Insurance Corp.’s board of directors last week approved a final rule requiring residential mortgage originators employed by federally regulated financial institutions and their subsidiaries to register with the state-run Nationwide Mortgage Licensing System and Registry and obtain a unique identifier. The FDIC final rule implements the Secure and Fair Enforcement for...
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