Mortgage brokers and lenders; authorize to perform organization activities at a remote location.

New security requirements for remote work including mandatory VPN access, annual security audits, and remote device management capabilities

Added requirement that licensed loan originators must work within 125 miles of their residence

Updated prelicensing education requirements from 20 hours to include specific ethics and fair lending training

Increased continuing education requirements for loan originators from 8 hours to include specific federal law, ethics, and nontraditional mortgage product training

Added new definitions for 'employee', 'exclusive agent', 'independent contractor', and 'remote location' to clarify regulatory obligations

Increased mortgage broker and lender surety bond requirements from $25,000-$150,000 to $50,000-$250,000

Raised initial mortgage broker/lender license fees from $1,500 to $2,000 and annual renewal fees from $1,000 to $1,500

Increased branch office application fees from $300 to $500 and renewal fees from $100 to $350

Raised examination fees from $300-$600 to $400-$800 per day with maximum of $2,400-$3,200 per location