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Is a loan officer required to be an “employee” of a licensee or registrant after March 31, 2009?

April 26, 2017employee Licensee loan march 31 march 31 2009 officer registrant

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Is a loan officer required to be an “employee” of a licensee or registrant after March 31, 2009?

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No, beginning April 1, 2009, the previous requirement that an individual is exempt from licensure or registration as an employee of a licensee or registrant no longer applies.

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No, beginning April 1, 2009, a loan officer may be an employee or agent of one licensee or registrant.