-
CAN I GET TEXAS NMLS MLO LICENSE WITH A COLLECTION ACCOUNT
Can i get MLO licensed in TEXAS if i have collection in my credit report and a letter saying well fargo is suing me?
-
2 Replies
-
Unfortunately, Texas is one of the toughest states to get an NMLS MLO state license with derogatory credit tradelines. Late payments is alright. But you cannot have collections (with the exception of medical collections), charged-off accounts, repossession, or other delinquent debts. You can make written payment agreements but you cannot ignore outstanding derogatory accounts no matter how old the derogatory credit tradelines are.
-
Georgia is nasty, too.