Government and Legislative Updates

NASHVILLE, TN - TNAMB Executive Director Brian Short presented to the TNAMB Board a set of guidelines being used by many states across the nation related to Licensing, Testing and Continuing Education requirements for mortgage originators. These proposed guidelines were accepted by the TNAMB Board and have been presented to the Department of Financial Institutions Commissioner Greg Gonzales for his use in writing the Rules and Regulations for the new law giving him the authority to require mortgage originators and brokers to complete licensing, testing and continuting education.

NASHVILLE, TN - On Thursday, June 5, 2008 Tennessee Governor Phil Bredesen signed the Mortgage Originator Reform Bill that TNAMB has been working to see become law for over 7 years. Attending this signing ceremony were Tennessee Senate and House leaders along with former TNAMB President and current Government Affairs Chair, Andy Voyles, CRMS, TNAMB President Tina Christein, TNAMB Executive Director Brian Short, CMC, CRMS and TNAMB Lobbyist Jay West.

The Tennessee General Assembly has passed legislation allowing the Commissioner of Financial Institutions to make changes in the licensing of mortgage loan originators, servicers, brokers and lenders. This sweeping legislation passed the Senate on March 17 and passed the House on April 14. As of press time, it has been transmitted to the governor for his signature.

by Jay West TNAMB lobbyist LEGISLATION INTRODUCED TO MAKE LICENSING UNIFORM AMONG THE STATES Legislation has been introduced in the ...

TNAMB leaders meet with governor to mark “Tennessee Mortgage Broker Day” Leaders of the Tennessee Association of Mortgage Brokers met recently with Gov. Phil Bredesen as he signed a proclamation declaring Feb. 13, 2007, as the inaugural “Tennessee Mortgage Broker Day.” Pictured are (first row, left to right): Lee Mouser, Andy Voyles, Jack Sullivan, Bredesen, Brian Short, TNAMB President, and Jay West. Back row, left to right: Jason Catanella, Chip Langley and Richard Smith.

New Faces in the Tennessee State Legislature by TNAMB lobbyists, Jay West and Hope Jackson When the Tennessee General Assembly ...

TNAMB and NAMB Meet With Tennessee Attorney General’s Office Regarding Builder Steering by Jack Sullivan, CRMS, TNAMB Legislative Chair If ...

This year the Tennessee General Assembly enacted the Tennessee Home Protection Act of 2006. The provisions of this legislation offer ...

Washington DC Legislative Conference As legislative chairman, I once again traveled to Washington DC for the NAMB Legislative Conference this ...

Legislative Status: HUD’s proposed rule: Its Over!! At least for now. We owe many thanks to our congressmen and women ...

State Predatory Lending Bill: The Proposed “Tennessee Home Protection Act” has been put on indefinite hold by the Department of ...

Tennessee Predatory Lending Task Force: The hearings were all held in 2002 and 2003 and last spring the new Commissioner ...