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What if the branch manager or principal loan originator designation is deemed inaccurate?

April 26, 2017branch deemed inaccurate loan manager Originator Principal

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What if the branch manager or principal loan originator designation is deemed inaccurate?

1 Answer

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If the PLO or branch manager designation is deemed inaccurate then the business shall be deemed to be operated under the control of each officer, director, ultimate equitable owner of 10% or greater or any person in similar capacity. (F.S.