• The licensee ensures that no physical or electronic documents are maintained at the alternate work location; and
  • No signage or advertising of the licensee or the mortgage loan originator is displayed at any alternate work location.
  • KRS 286.8-295 states.
  • As used in this section, “employee” shall include a mortgage loan originator engaged as an independent contractor.
  • (a) Every mortgage loan company and mortgage loan broker shall exercise proper supervision and control over the operations, employees, and affairs of its company.
  • A mortgage loan company or mortgage loan broker shall supervise and control all employees acting as a mortgage loan originator on behalf of the mortgage loan company or mortgage loan broker.
  • A licensee that allows employees to engage in the mortgage lending process from an alternate work location shall:
  • Exercise proper supervision and control over the employees;
  • Have written policies and procedures in place that ensure a safe, secure system for the mortgage lending process;
  • Oversee compliance, and require all employees to comply, with the policies and procedures referenced in paragraph (b) of this subsection;
  • Employ appropriate risk-based monitoring and oversight processes;
  • Ensure that:
  • Customer interactions and communications about consumer accounts are in compliance with federal and state information security requirements, including applicable provisions of:
  • The Gramm-Leach-Bliley Act of 1999, Pub. L. No. 106-102, as amended; and
  • The Federal Trade Commission's Safeguards Rule, set forth in 16 C.F.R. Part 314;

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