{"content":[{"text":"2","bbox":{"left":0.874118,"top":0.051375,"width":0.008186000000000027,"height":0.016876999999999996}},{"text":"(3) IMMEDIATE FAMILY MEMBER—The term “immediate family member” \n means a spouse, child, sibling, parent, grandparent, or grandchild. This includes \n stepparents, stepchildren, stepsiblings, and adoptive relationships. \n (4) INDIVIDUAL—The term “individual” means a natural person. \n (5) LOAN PROCESSOR OR UNDERWRITER— \n (a) IN GENERAL—The term ‘‘loan processor or underwriter’’ means an individual \n who performs clerical or support duties as an employee at the direction of and \n subject to the supervision and instruction of a person licensed, or exempt from \n licensing under [reference appropriate state mortgage licensing laws here]. \n (b) CLERICAL OR SUPPORT DUTIES—For purposes of subsection (a), the term \n ‘‘clerical or support duties’’ may include subsequent to the receipt of an \n application— \n (i) The receipt, collection, distribution, and analysis of information common for \n the processing or underwriting of a residential mortgage loan; and \n (ii) Communicating with a consumer to obtain the information necessary for the \n processing or underwriting of a loan, to the extent that such communication \n does not include offering or negotiating loan rates or terms, or counseling \n consumers about residential mortgage loan rates or terms. \n (c) REPRESENTATIONS TO THE PUBLIC—An individual engaging solely in loan \n processor or underwriter activities, shall not represent to the public, through \n advertising or other means of communicating or providing information including \n the use of business cards, stationery, brochures, signs, rate lists, or other \n promotional items, that such individual can or will perform any of the activities \n of a mortgage loan originator. \n (6) MORTGAGE LOAN ORIGINATOR— \n (a) IN GENERAL—The term ‘‘mortgage loan originator’’— \n (i) Means an individual who for compensation or gain or in the expectation of \n compensation or gain— \n (A) Takes a residential mortgage loan application; or \n (B) Offers or negotiates terms of a residential mortgage loan; \n (ii) Does not include an individual engaged solely as a loan processor or \n underwriter except as otherwise provided in MSL XX.XXX.040(4); \n (iii) Does not include a person or entity that only performs real estate brokerage \n activities and is licensed or registered in accordance with [State] law, unless the \n person or entity is compensated by a lender, a mortgage broker, or other \n mortgage loan originator or by any agent of such lender, mortgage broker, or \n other mortgage loan originator; and \n (iv) Does not include a person or entity solely involved in extensions of credit \n relating to timeshare plans, as that term is defined in section 101(53D) of title \n 11, United States Code. \n (b) REAL ESTATE BROKERAGE ACTIVITY DEFINED—For purposes of this Act the \n term ‘‘real estate brokerage activity’’ means any activity that involves offering or \n providing real estate brokerage services to the public, including—","bbox":{"left":0.164705,"top":0.089961,"width":0.670281,"height":0.783078}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}