MLO definition
Examples of MLO in a sentence
Should the Respondent apply for such a license or petition for the reinstatement of an MLO Activity Endorsement during that three-month period, that license application or MLO Activity Endorsement petition, as consented to by the Respondent herein, shall be deemed denied.
SRR’s IRC issued a memorandum report on its investigation into the ▇▇▇▇ coordinated MLO education fraud scheme.
On the Effective Date of this Agreement, Respondent agrees to the surrender of Respondent’s mortgage loan originator license or any MLO Activity Endorsement issued by each State Mortgage Regulator in the corresponding Participating State.
Respondent further agrees that Respondent will not apply for a new mortgage loan originator license or, as applicable, petition for the reinstatement of any MLO Activity Endorsement in any of the Participating States for a period of three months from the Effective Date of this Agreement.
Respondent further agrees that Respondent must satisfy the Administrative Penalty provision prior to submitting an application for a new mortgage loan originator license or, as applicable, petition for the reinstatement of an MLO Activity Endorsement.
On the Effective Date of this Agreement, Respondent further agrees to the withdrawal of any application for a mortgage loan originator license or MLO Activity Endorsement pending with each State Mortgage Regulator in the corresponding Participating State.
Each individual MLO must attend a lender training session annually.
However, the organiser must inform the MLO in advance of any commercial stands planned for the event and their location, as part of the event and spectator safety planning process, and in accordance with this permission document.
If Lender originates mortgage loans on a retail, correspondent, or wholesale basis for a third-party lender that will fund a First Mortgage Loan (“Third-Party Lender”), Lender and each individual MLO will ensure that a Third-Party Lender’s First Mortgage Loan complies with this Agreement, including without limitation, Sections 8, 10, and 11 below.
Lender will name each individual MLO and require each MLO to sign this Agreement.