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Private Lending & Conventional Mortgage Advice

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Tony Gunter
  • Investor
  • Canton, GA
496
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727
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Mortgage Originator License - Commercial Loans

Tony Gunter
  • Investor
  • Canton, GA
Posted Oct 16 2019, 12:33

Hello BP Family,

Does anyone with solid first-hand knowledge about the following:

Is someone promoting or Soliciting customers for ONLY Commercial lending products, is that person (independent contractor) required to have a MOL? 

I imagine as these are Commercial Loans (only to LLC etc.) would be exempt under the SAFE Act as that was for consumer-based lending, not commercial based lending.

Enlighten me, please!

Thanks

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