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ARTICLE · 31 MAY 2023

States Continue Trend To Permit Remote Work For Licensee Employees

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Many industries continue to adapt to the prevalence of post-pandemic remote or hybrid work arrangements, and the consumer finance industry is no different.

United StatesFinance and Banking

Many industries continue to adapt to the prevalence of post-pandemic remote or hybrid work arrangements, and the consumer finance industry is no different. One significant obstacle to remote or hybrid work arrangements is that—at least before the COVID-19 pandemic—many state mortgage or consumer finance laws either prohibit remote work, or require any location where licensable activity is done to be licensed as a branch office, which can render remote work impractical or unfeasible. While many states initially permitted remote work through temporary executive orders, agency guidance, or bulletins, several states have adjusted to the "new normal" of post-pandemic remote work by enacting legislation to codify mortgage loan originators or other licensed individuals' ability to work from home without the individual's remote location being considered a branch office that must be licensed. In this article, we discuss recent remote work guidance and legislation in

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