How long does the Office of Financial Services (OFR) have to approve a mortgage broker or loan originator application?
Mortgage broker applications submitted between July 1, 2009, and December 31, 2009, or loan origination applications submitted between October 1, 2010 and December 31, 2010, the OFR has 60 days to notify the applicant of any errors or omissions and request any additional information. The OFR has 180 days to approve or deny a completed application. (SB2226, Sec.
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