OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Stivers Wins House Support for Bipartisan Bill to Cut Red Tape, While Maintaining Consumer Protections for Homebuyers

Statement

Date: May 24, 2016
Location: Washington, DC
Issues: Business and Consumers Finance and Banking

Congressman Steve Stivers (R -- OH) recently won House support for H.R. 2121--the SAFE Transitional License Act. While maintaining high standards for mortgage loan originators (MLOs), the bill ensures that these professionals will have more flexibility when they transition jobs between bank and non-bank employers.

"This is a jobs issue, providing qualified mortgage professionals more portability and a minimal amount of work disruption when making a change in an employer," Stivers explained. "I am pleased to have worked across the aisle and with state regulators to ensure we could reduce red tape without compromising important consumer protections."


Source
arrow_upward