An update from Deb Bortner regarding another successful license renewal season, why you should complete your continuing education early, the Uniform State Test for loan originators, and enforcement actions again loan modification scams.
In an effort to streamline filing the 2012 Consumer Loan Annual Assessment Reports, DFI launched an online assessment filing system. This system allows companies to file the Annual Assessment Report (AAR) and the Consolidated Annual Report (CAR) as well as make payment via E-Check, Visa or MasterCard.
DFI wants to remind you that BSA reports need to be filed electronically. On February 23, 2012, the Financial Crimes Enforcement Network (FinCEN) issued a Final Notice requiring the electronic filing of most Bank Secrecy Act (BSA) reports by July 1, 2012.
Since 2009, DFI has received almost 700 complaints against unlicensed companies offering mortgage rescue services to distressed homeowners in Washington. The vast majority of companies offering these services are not licensed with DFI.
Links to and updates on bills being considered in the Washington State legislature and where to find updates to federal regulations.