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Real Estate/Development

Jul. 30, 2010

Lenders Fingerprinted Under New Law

The law is part of more stringent rules governing residential mortgage originators.

By Jason W. Armstrong

Daily Journal Staff Writer

Employees of banks, credit unions, savings associations and other lenders will soon have to be fingerprinted and register with a national database as part of more stringent rules governing residential mortgage originators.

The rules, finalized Wednesday by the Federal Reserve, the Office of the Comptroller of the Currency and other federal regulators, are part of the Secure and ...

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