Skip to content
BOL Conferences
Learn More - Click Here!

Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums State-Specific Compliance Issues Other States - General ID - Allowed to orignate loan?
Thread Options
#1923995 - 05/16/14 05:58 PM ID - Allowed to orignate loan?
TMatt87 Offline
Diamond Poster
TMatt87
Joined: May 2011
Posts: 1,969
Idaho
We are a bank with all of our branches in Idaho. We have a borrower who would like to refinance a home in Arizona. We do not have a banking permit or license in Arizona, so I'm thinking we can't do the loan. Of course I have lenders who are telling me that other community banks in Idaho do loans in Arizona.

Can we do loans in AZ?
_________________________
All opinions are my own, not my employer's

Return to Top
#1924057 - 05/16/14 06:46 PM Re: ID - Allowed to orignate loan? TMatt87
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
You would have to check AZ law for loans by out of state banks. The rules vary from state to state.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1924128 - 05/16/14 07:58 PM Re: ID - Allowed to orignate loan? TMatt87
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 82,469
Galveston, TX
The best thing would be to get on the phone with the Arizona Department of Financial Institutions and just ask them if there are any special requirements placed on out of State banks and MLOs that are registered on the NMLS

http://www.azdfi.gov/index.html
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top