Can someone please clarify for me whether mortgage loan originators who are employed by banks are subject to the new Massachusetts mortgage loan originator licensing requirements and the related educational requirements?

I've heard differing opinions on this matter. My reading of the new M.G.L. Chapter 255F on licensing seems to indicate that bank employees are not exempt, but I've been told that my interpretation is incorrect.

Interestingly enough, M.G.L. Chapter 255F is nowhere to be found on the official M.G.L. website. I've contacted the webmaster to find out why this discrepancy exists, and I am still waiting for a response. Such a mystery!

For anyone who is interested, I heard back from the Commonwealth and apparently the issue with the M.G.L. website has been resolved.

The version of M.G.L. Chapter 255F that appears on that website is different than the version I had obtained from another source. The official version of the chapter no longer includes "banks" as an "entity" for the purposes of that chapter. As a result, it seems that (for once) banks are off the hook.