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Must a Qualifying Individual or Branch Manager have a Loan Officer license?

April 26, 2017branch individual license loan manager officer Qualifying

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Must a Qualifying Individual or Branch Manager have a Loan Officer license?

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A Qualifying Individual will need a Loan Officer license if he/she has customer contact. A Branch Manager who effectively manages his/her branch will of necessity have at least some periodic communications with consumers and therefore must be licensed as a Loan Officer. Additionally, a Qualifying Individual who anticipates managing a branch will have to be licensed as a Loan Officer.