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NAIHP: CFPB Issues Proposed Rule on Originator Compensation & Qualifications

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  • Domingo | | 23 Aug 2012, 02:30 PM Agree 0
    Can you please clarify the nmls requirements? I keep hearing the term licensed being thrown around from different sources when this subject comes up.

    1) Is it an nmls license or endorsement?
    2) Am I to understand that certain individuals are exempt from this license or endorsement requirement?
    3) Am I to understand that when you say Allowing depositories to recieve this form of compensation, that they are exempt from dual compensation?
    4) Above it states Dual compensation is NOT double compensation and in the following sentence you state Allowing depositories to receive this form of COMPENSATION-what gives here? Almost seems contradicting. Please clarify?
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