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LO Background Check

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  • December 26, 2013 at 9:36 am EST #4572
    rcooper
    Member

    A question we received from a member:

    Under the new Reg Z loan originator rules that are taking effect in January 2014. What is required for a criminal background check?

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  • December 26, 2013 at 9:43 am EST #4573
    rcooper
    Member

    The regulation doesn’t specify what is required as part of the criminal background check. You can obtain these through law enforcement or a commercial company. If you obtain through a commercial company just ensure you do due diligence as you would on any third party service provider.

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