WBK Industry News - State Regulatory Developments

SC to Rescind Interim Remote Work Guidance for Mortgage Originators

The South Carolina Department of Consumer Affairs has indicated that the interim regulatory guidance that allowed mortgage originators to work remotely from unlicensed locations will be rescinded effective January 1, 2023. Starting January 1, 2023 mortgage loan originators licensed in South Carolina by the Department of Consumer Affairs must work from licensed locations.