Originally posted in a LVRJ Forum
A new state law required home loan modification and foreclosure consultants to obtain licenses from the mortgage division. While 50 applications are being processed, none of the applicants has posted the required $75,000 surety bonds, according to the division.
Here are the details of this new law. Notice how those "less government" Republican legislators *unanimously* voted YEA, and that the bill was signed by a Republican governor.
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