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House approves real-estate licensing changes billed as mortgage-fraud cleanup
Summary
The House approved second substitute House Bill 346 (70–2), which sponsors described as a 'mortgage fraud cleanup' that adds registration for appraisal trainees, gives mortgage licensing bodies flexibility on pre-licensing hours, removes an outdated grandfathering clause and increases penalties for violations.
The Utah House on Feb. 14 approved second substitute House Bill 346, a package of amendments to division-of-real-estate law described on the floor as a mortgage-fraud cleanup. After a motion to replace the bill with a second substitute, the House adopted the substitution and later passed the measure 70–2.
Representative Frower, speaking to the…
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