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ARTICLE · 07 MAY 2021

Washington Amends MLO Licensing Provisions To Allow Remote Work

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The amendments are effective on July 25, 2021.

United StatesFinance and Banking
Aileen Ng
Aileen Ng
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The state of Washington recently amended its licensing provisions under the Mortgage Broker Practices Act to allow licensed mortgage loan originators (MLOs) to work from an unlicensed location if the location is the MLO's residence and the MLO and the sponsoring company complies with state and federal information security requirements and applicable regulations.

The amendments are effective on July 25, 2021.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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