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Do the provisions of the Act apply to mortgage brokers that are not mortgage lenders?

Mortgage brokers that are not mortgage lenders are persons, as the term "person" is used in the Act. Consequently, the Act applies to mortgage brokers that are not mortgage lenders to the same extent it applies to persons. Further, it is the Director's opinion that the Act is contemplated to apply to mortgage brokers that are not mortgage lenders to the same extent the Act applies to "lenders."