The amendments will also allow MOMs to incur a penalty or prepayment charge on a variable-rate residential mortgage, provided that “the penalty or fee expires at least sixty days before the initial reset period.” Among other provisions, the amendments also provide that a credit processor may modify files from an unlicensed location, provided that the credit processor accesses the files directly from the licensed mortgage broker`s main computer system, does not carry on any of the activities of a licensed MLO, and the licensed MLO has safeguards in place to protect the borrower`s information. Homebridge will make the Agreement available to the Borrower(s) for all loans blocked after submission The NDC/EB is always responsible for making the Agreement available to the Borrower(s) within three (3) business days following the fixed interest rate and providing Homebridge with a copy of the signed Agreement. The State of Washington requires that the disclosure of the Rate Freeze Agreement be made available to the borrower(s) borrower(s) within three (3) business days of the date on which the interest rate is frozen. A copy of the wa rate freeze agreement is attached for reference and will also be posted on Homebridge`s website at www.homebridgewholesale.com on the Broker Resources page at Required Disclosures by State, Washington. Transactions of non-delegated correspondents/emerging bankers On the 24th. In September, the Washington State Department of Financial Institutions will hold a hearing to discuss changes regarding mortgage lenders (MMO) as well as regulations regarding student loan service providers. The proposed changes will amend rules that affect Washington`s Consumer Loans Act and the Mortgage Broker Practices Act, including those related to the regulation of student loan servicers under a final rule that went into effect on January 1. (See InfoBytes` previous report on DFI`s acceptance of changes to student loan service providers here.) According to the DFI, the proposed amendments are currently due to enter into force on 24 November. “ACC Kiosk is another useful, personalized and easily accessible resource that directly coincides with our goal of saving time, money and effort for CCA members.” If you have any questions, please contact your account manager.