If I have a felony, can I obtain a Loan Originator license?
If I have a felony, can I obtain a Loan Originator license?
Both the Federal S.A.F.E. Act and our own statutes are very clear, there can be no felony conviction within the last 7 years of the date of the application for licensing or at any time preceding such date of application, if such felony involved an act of fraud, dishonesty, or a breach of trust, or money laundering. There are no exceptions.