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Originally posted by peter


According to the information on the website of one net branch
company, the following states may allow a small number of loans
originated by out of state L/Os:

CT, DC, DE, HI, IA, ID, IL, IN, MA, MD, ME, MN, MT, NC, NE, NJ,

NY, PA, PA, RI, VA WA, WI, and WV.

This seems to be contradictory to what I have read thru BO
for all these years that some States do not allow out of state
loans thru net branches at all (net branching is illegal in
some States) and some States may even prohibit loan origination
by a non-licensed L/O and will not give any exception.

Anyone in one of the above states can provide the information
please. I do have a customer in Blain, Washington, who is talking
to me as he moved up there from California but I am afraid to
originate his loan as I am not licenced in WA but my net
branch is telling me that I could get a one-time exception from
the State.

Thanks,

Peter

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