The requirement for a permit hinges on all the info pulled, which can be an “application” to have state licensing purposes. Another pointers applies to “telemarketing” – perhaps the information is obtained via important cellular phone solicitations, otherwise due to web sites prospecting.
- Sales agents just who undertake applications having financing themselves step regarding customers and you can in the place of a binding agreement off a great licensee obtainable regarding brand new get in touch with so you’re able to licensees have to end up being subscribed in Work.
- Telemarketers whom get in touch with Georgia users and you may make a list of prospective home-based home loan agreements lower than a composed offer regarding a great licensee is not required to be registered, provided:
- The new sales agent causes it to be clear they are calling the consumer with respect to (a) particular licensee(s);
- The cost on solution is found on good “flat-fee” base, not a great “per-loan” basis or a close financing commission foundation;
- The company have to be on telemarketing company and never do almost every other home loan relevant characteristics into licensee; and you may
- The business might only collect limited get in touch with and you may low-specific property otherwise money information. Pointers gathered which is enough to make certain credit, work, income, date out of birth etcetera. Continue reading
