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National Fingerprint Registry for Mortgage Related Folks - Obama Feinstine et al.

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Metamorphic

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California
http://blog.heritage.org/2008/06/09/obama-among-supporters-of-national-fingerprint-registry/

Sens. Diane Feinstein (D-Calif.) and Mel Martinez (R-Fla.) authored a bill (with 11 co-sponsors, including Sen. Barack Obama) that was incorporated into a housing bill passed by the Senate Banking Committee 19-2 before the Memorial Day recess — a bill that creates a national fingerprint registry.
According to a Martinez press release, the language merely “create national licensing and oversight standards for residential mortgage originators.”
One of the standards, John Berlau of the Competitive Enterprise Institute says, may “require thousands of individuals working even tangentially in the mortgage and real estate industries — and not suspected of anything — to send their prints to the feds.
This is a step in the wrong direction — at least for a nation that preserves freedom.
 

Natalie Smith

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Feb 7, 2004
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I recall sending my prints when I was first licensed
 

TJSum

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Nov 12, 2007
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Certified Residential Appraiser
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Maryland
I have heard some States require this.

WHY ???
 

Webbed Feet

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Canada
<.......snip......>This is a step in the wrong direction — at least for a nation that preserves freedom.

I agree, afterall, it is important to let people with criminal histories operate, or work in, businesses where they obtain access to every personal and financial detail possible of other people on a regular basis.

Webbed.
 

Natalie Smith

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Feb 7, 2004
Professional Status
Certified Residential Appraiser
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California
I have heard some States require this.

WHY ???

As part of a criminal background check...which seems reasonable to me considering the potential fraud in this business.
 

James R

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Oct 30, 2006
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Texas
Man I bet it pays good to be a partisan internet hack.
 

Hamlet

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Aug 14, 2006
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Certified Residential Appraiser
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Ohio
It is law in Ohio, you must submit fingerprint and background when applying for appraisal license. No big deal. I think it is a definite plus for MBs. I’ve seen the criminal histories of many MBs after they have been busted for fraud in Ohio. If this was done before hand, they would not have been in this biz to commit those frauds.
 

Jan Roseberry

Senior Member
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Sep 25, 2002
Professional Status
Certified Residential Appraiser
State
Ohio
My husband taught school for 35 years and now has to be fingerprinted every two years to substitute teach. He has a 'life' certificate. Go figure.
 

TJSum

Elite Member
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Nov 12, 2007
Professional Status
Certified Residential Appraiser
State
Maryland
I doubt if many are lying about their identity to get into the appraisal profession these days. If they are, maybe their best punishment would be to force them to stay in the profession and try to make a living...

For those who did not understand, this is an attempt at humor. But really, can't they just do a criminal background check using your name. Are people really assuming false identities to become appraisers ??? Is there enough money in it to go that far?
 
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