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billymac
1 Posts |
 Posted - 03/22/2005 : 3:57:15 PM
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We have a small shop in Ohio, and our state is heavily regulated for the past few years. LOs have to pass background checks, tests, etc...
My concern is compliance. We're okay at TILs, GFEs and turndowns, but no I'm being told we have to keep conversation logs, and not all of us do. Does anyone know how I can check this out? Where can I go to find everything I need to be in compliance for Ohio? There must be some manual. Please help!! |
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MSGulfCoast
181 Posts |
Posted - 03/22/2005 : 6:02:23 PM
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http://www.com.state.oh.us/dfi/default.htm
Should be somewhere in the state's website, concerning financial institution guidelines. My suggestion? I would call the department of banking and consumer finance directly.
Are you keeping logs in your point and/or encompass files? relatively easy to keep track of.... |
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Darin Ferraro
7813 Posts |
Posted - 03/22/2005 : 6:47:20 PM
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Yes, keeping track in the LO software is where I'd do it. That information gets transferred with the data file for backup purposes as well.
Are there any other states that regulate that tightly? |
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MSGulfCoast
181 Posts |
Posted - 03/22/2005 : 7:20:18 PM
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| Lousy-ana <sigh>.......trust me, Billy, I'm sympathetic....if you're a member of your state's association of mortgage brokers, they may be able to offer some insight.... |
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rsbyrge
118 Posts |
Posted - 03/25/2005 : 09:01:49 AM
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Hi Billy,
That's the first I've heard of keeping conversation logs. I have not gotten any correspondence, nor has the local education outlet for LOs. I have asked them to explore the question with their contacts at the state. I'll let you know any followup.
What part of Ohio are you in? |
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