The Mortgage Man

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New Senate Bill Imposes Fingerprinting For All Mortgage Loan Officers.

I read this article posted on C-net.com about the new bill approved by the Senate Banking Committee this week by a margin of 19-2.

National fingerprint registry

I don’t have a problem with the bill since in Florida (where I have been a licensed Mortgage Broker for 11 years) all Mortgage Brokers are required to submit fingerprints for a background check. This has been in place for years, and after hearing that states like Minnesota don’t even require a test, there needs to be some sort of intervention.

What I do have a problem with is the level of secrecy surrounding the bill, and the refusal of drafters Sen. Dianne Feinstein (D-Calif.) and Mel Martinez (R-Florida) to answer questions about how it will work or to return phone calls to reporters about the bill. As I get older (and increasingly cynical about the government in general), I find my self becoming more irritated that many elected officials seem to forget that they work for us.

If this proposed legislation is such a great solution (and not just an opportunity for 2 Senators to get their names in the paper), then what is the problem with talking about it?

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