RELATING TO THE SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT.
Report Title: Secure and Fair Enforcement for Mortgage Licensing Act; Seller Exemption
Description: Establishes a mortgage license exemption for seller-financed mortgage loans. Requires disclosures and establishes borrower protections that are similar to those applicable to mortgage transactions by a licensed mortgage loan originator, attorney, or real estate broker. (SB756 HD2)
Excerpt from Capitol TV