State-Required Exam May Pose Problem As 500+ Indiana Mortgage Brokers Close To Losing Licenses

In Indaianpolis, Indiana, the South Bend Tribune reports:

• Indiana's secretary of state warned mortgage brokers earlier this month that they would lose their licenses if they didn't pass a state-required test by Aug. 5th. But it appears most of them aren't worried about the threat. Just 83 people have passed the exam since Secretary of State Todd Rokita's warning July 7, while more than 500 brokers are still on track to lose their licenses, according to an update from Rokita's office.

For more, see Indiana mortgage brokers could lose licenses (Home buyers could be affected after deadline as some businesses may be closed).