Andrea Nixon

Andrea Nixon

Cadwalader, Wickersham & Taft LLP

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Trusts Holding Loans Need Licensing, Says Maryland Office of Financial Regulation

On January 10, 2025, the Maryland Office of Financial Regulation issued emergency regulations revised to clarify that “passive trusts” holding residential mortgage loans must obtain a Mortgage Lender License and if the trusts...more

1/23/2025  /  Consumer Financial Products , Financial Institutions , Financial Services Industry , Loans , Maryland , Mortgage Lenders , Regulatory Requirements , State and Local Government , Trusts
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