For those who have been following our series and attending our webinars on 1099 v. W-2, here’s a new consideration in the age-old debate. The Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA) revised the SAFE Act. Effective Monday, November 25, 2019 the revision allows QUALIFIED Registered (depository) and State-licensed (non-depository) loan originators to begin originating PRIOR to the approval of a NMLS MLO state license. To help companies and originators during this transition, …
