The bill that is attachedAppendix #1) contains three proposals not especially addressed in the ask for Public Comment, but which are relevant into the dilemma of legislation of mortgage financing. The very first is found in part one of the bill. This area would allow ( not need) Maine to participate in an important mortgage that is multi-state certification project this is certainly presently underway in a number of states. Just What started as an attempt to look at consistent permit application kinds has progressed into a proposition, sponsored by two split state regulatory associations (the Conference of State Bank Supervisors, or CSBS, plus the United states Association of Residential Mortgage Regulators, or AARMR), to operate a centralized certification system which could accommodate the requirements of loan providers, particularly big home loan businesses with operations in a lot of states. Patterned following the national registration process that regulates the securities industry, this technique was created to decrease the burden on applicants as well as on participating states.