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UTAH HOME BUYERS TO RECEIVE GREATER PROTECTION UNDER UTAH'S NEW MORTGAGE LAW

The Principal Lending Manager will be responsible for the mortgage activities of his company's mortgage officers within the State of Utah.Under the new law, the Principal Lending Manager must meet minimum experience and continuing education requirements before any mortgage officers with their company will be allowed to make any mortgage loans in Utah.The new mortgage law, which took effect January 1, of this year provided for a grace period for all mortgage companies to comply with the new law.That grace period ends May 1, 2006. Utah consumers can verify whether their mortgage agent is properly licensed by contacting the Utah Department of Real Estate or by searching the Utah Department of Real Estate's online database of licensed mortgage companies at http://realestate.utah.gov/database.html.

Epi Lopez Jr. is a mortgage licensing consultant with Greenlight Compliance & Licensing, Inc. http://www.greenlightcl.com specializing in assisting mortgage professionals obtain mortgage licenses throughout the United States.



Copyright Epi Lopez - http://www.greenlightcl.com

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