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What are the requirements to register as a loan originator in Iowa?

April 26, 2017Iowa loan Originator REGISTER requirements

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What are the requirements to register as a loan originator in Iowa?

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Loan originators need 20 hours of prelicense education. Registration is required for any person who is employed by, under contract with, or an agent of a mortgage banker or mortgage broker licensee and who makes, originates, or arranges or negotiates, or attempts to arrange or negotiate, a loan secured by an owner-occupied 1 to 2 family dwelling in Iowa.