Send Article via Email

Article Summary : This article will help anyone looking for information pertaining to a mortgage license in the state of Louisiana or anyone looking to become a mortgage broker in Louisiana. In Louisiana the Office of Financial Institutions (OFI) , handles all aspects of licensure and registration for Mortgage Brokers. The Louisiana Residential Mortgage Lending Act became effective in July, 1999 and was revised in April, 2000, again in June 2001, and again in August, 2003. The Act defines a Mortgage Broker as any person who for compensation or expectation of compensation, negotiates, places, or finds or offers to negotiate or place or find a residential mortgage loan for another person on a residential property located in Louisiana. This includes any electronic activity, including over the...