Add-A-State@Mortgage License Mall http://www.thomas-law.com
presents a free mortgage license newsletter -VOL. 2 containing recent developments of mortgage licenses in the 50 states
This Edition features: Mortgage Broker News Headlines as of 6/19/99 ( click headline for explanation) for the following states: YOU CAN FIND VOLUME 1 AT THE MORTGAGE LICENSE MALL
Texas: Mortgage Brokers Must Be Licensed: effective 9/1/99: Bill was signed into law by the Senate on 5/27/99 , by the House on 5/27/99 and by Governor George Bush on 6/19/99	Advantages of Add-A-State Services:  Experience Speed Professionalism
TEXAS Effective 9/1/99, the Texas legislature (House and Senate) has approved a bill that would require mortgage brokers (and potentially mortgage lenders since mortgage broker is broadly defined) to be licensed by 1/1/2000 through the Texas Savings and Loan Commissioner and maintain a Texas physical office.Copy of TEXAS MORTGAGE BROKERS LICENSE ACT	Low Costs  Prompt Responses to State Agencies   Reduced Risk of Rejection
25% EARLY FILING DISCOUNT AVAILABLE TO FIRST 25 PURCHASE ORDERS RECEIVED. VOLUME DISCOUNTS ALSO AVAILABLE. NETBRANCHING MAY SOLVE YOUR EXPERIENCE PROBLEM: If you are concerned that you may not meet the experience requirement of (1) bachelor's degree in an area relating to finance, banking, or business administration from an accredited college or university and has 18 months of experience in the mortgage or lending field or (2) three years of experience of full-time employment as a loan officer with a mortgage broker, you may wish to consider being a Texas office for an out-of-state broker who needs to meet the TEXAS PHYSICAL OFFICE REQUIREMENT. You can be the solution to an out-of-state lender or broker's need for a Texas physical office. If you wish to be a Netbranching Candidate for Texas, go to PHYSICAL OFFICE SOLUTIONS join the list so I can direct lenders and brokers your way.	Automation  Discounts Integrity  How Do I Get Started? Complete and Fax to 214-692-7613  Purchase Order then Overnight Mail Hardcopy of Purchase Order and Check for 30% of PurchaseOrder Total to Thomas Law Firm, P.C., 6116 N. Central Expressway, Suite 922, Dallas, TX 75206 Who Can I Talk To About My Purchase Order? Call Herb Thomas at 214-692-7611
Minnesota: New Residential Mortgage Loan Originator and Servicer License effective August 1, 1999 - Effects Both Lenders and Brokers-Forms Available	Where Can I Find More Information on Mortgage Broker and Mortgage Lender Licenses in the 50 States? @ Mortgage License Mall National 50 State Licensing Strategy No Physical Location States Physical Office Solutions ON-LINE DISCOUNT MTG. BROKERS= Lastest Trend Is Sweeping The Industry No License States/ Exempt as FHA lender Fees-Bonds-Net Worth Requirements Texas Mortgage Loan License Page BEST 1998 MORTGAGE MARKETS
MINNESOTA: Residential Mortgage Originator or Servicer Licensing Act Minnesota Statutes, Chapter 58 (the Act) ) Beginning August 1, 1999, no person shall act as a residential mortgage originator, or make residential mortgage loans without first obtaining a license from the commissioner according to the licensing procedures provided in this chapter. How to Contact the Division of Financial Institutions Call the division at (651)296-2135. Mailing Address Minnesota Department of Commerce Division of Financial Examinations 133 East Seventh St. St. Paul, MN 55101 Contact us by E-Mail	Approved Local Counsel  About Thomas Law Firm   Net Branch Candidates Representative Clients PREVIOUS JOKES-OF-THE-DAY REGARDING TEXAS HOME EQUITY LOANS
Forms found at http://www.commerce.state.mn.us/Forms/residentialmortgagor.htm Contact Robin Brown at 651-282-9855 if there are questions. "Residential mortgage originator" means a person who, directly or indirectly, for compensation or gain or in expectation of compensation or gain, solicits or offers to solicit, or accepts or offers to accept an application for a residential mortgage loan through any medium or mode of communication from a borrower, or makes a residential mortgage loan. "Residential mortgage originator" includes a lender as defined in subdivision 11 and a broker as defined in subdivision 13
THOMAS LAW FIRM, P.C. 6116 NORTH CENTRAL EXPRESSWAY SUITE 922, L.B.72 DALLAS, TEXAS 75206-5155 214.692.7611 (VOICE) OR 692-7613 (FAX) Not Certified by the Texas Board of Legal Specialization but licensed to practice in all areas of the law email License Inquiries to Thomas Law Firm

ALSO SEE MORTGAGE LICENSE MALL NEWSLETTER VOLUME 1 (4/15/99)