TRENTON – In a bid to crack down on rising abuses by loan officers in the mortgage marketing field, Senators Barbara Buono today unveiled a proposal to subject the State’s 42,000-plus mortgage solicitors to mandatory training, criminal background checks and licensing exams.
“Right now, there’s no way to keep unscrupulous loan officers from luring consumers into high risk mortgage loans they can’t possibly afford,” said Senator Buono, D-Middlesex.