fingerprinting mortgage brokers

[skylndrftr]

so the new mortgage bill (bailout/whatever ) includes a provision regulating licensing of mortgage brokers...as part of that license, there is a provision that says:

Quote »fingerprints for submission to the Federal Bureau of Investigation, and any governmental agency or entity authorized to receive such information for a State and national criminal history background check[/quote]the provision of who this is required for is wide enough to include anyone who works at any bank that that works with mortgages...

What ever happened to our rights?

[rn79870]

Is it any different than any knee jerk reaction the government applies to situations that get out of hand. Instead of studying the problem, or what might be reasonable in resolving it, they force their will upon the the innocent. Sorry, but you'll have to pay for the sins of the crooks. It isn't fair. At least they didn't ask for a DNA sample (did they?)

[skylndrftr]

its ok rn we have nothign to hide...but make sure you carry several forms of ID if you want to travel or even drive to work...

(but thats all for the good we're just enforcing illegal immigration laws)

[WDRacing]

So allowing felons to get there mortgage broker license is ok? If you had any idea about what you were actually talking about and how many scams have taken place through that industry you'd be all for it. Bitching about a security measure that doesn't allow people with a checkered past to be involved with 100's of thousands of dollars in the mortgage industry is retarded.

And I'm fine with people working for banks getting printed as well.

its ok rn we have nothign to hide...but make sure you carry several forms of ID if you want to travel or even drive to work...

(but thats all for the good we're just enforcing illegal immigration laws)

Stay on topic...

[Eikon]

Each state has it's own system of background checks and requirements for obtaining a mortgage license. This bill is trying to federalize the process and make it uniform nationwide.

In the state of Wisconsin, we have to submit to a criminal background check as well as a very difficult licensing test to make sure we are aware of the laws and guidelines of the mortgage industry. I think we have a fingerprint that is put onto our mortgage originators license document. But I don't think it's submitted to the FBI as part of the background check.

What do I think:I have no problem with our government restricting access to a profession that is so close to the public's financial well-being. A person of poor character with access to the private financial records, social security numbers, credit reports, bank statements, etc... could cause incredible damage to a lot of people. It's hard to tell who might commit those type of crimes, but someone with a prior record of felony might be a pretty good candidate. I'm all in favor of keeping them out of the business.

[skylndrftr]

So allowing felons to get there mortgage broker license is ok? If you had any idea about what you were actually talking about and how many scams have taken place through that industry you'd be all for it. Bitching about a security measure that doesn't allow people with a checkered past to be involved with 100's of thousands of dollars in the mortgage industry is retarded.

I have no problem with security measures. Background checks, licensing exams, etc those are security measures. However this can be accomplished without collecting personal biometric information on people. Background checks are quite effective and don't require submission of your fingerprints to the FBI. You don't have to be a convicted felon to start, run, or participate in a scam. This measure doesn't accomplish anything that a background check doesn't. All it does is cause your fingerprints to be on file. with the FBI permanently, and I doubt you will find fingerprints are an effective crime fighting tool in financial crimes.

There are some proffessions where fingerprinting would be aceptable in my mind, security clearances and law enforcement come to mind.

Stay on topic...

its my topic

Actually, my concern with this topic is that every public incident is used as another excuse to collect data on citizens. Its a slippery slop that is getting much steeper very quickly. Post 9-11 we have REAL-ID, we have RFID tags in our passports, we have a list of people who are considered to dangerous to fly that includes elected political officials. The government listens to our phone calls and reads our emails. all in the name of terrorism. Now the mortgage crisis is being used to start collecting even more information on people. If this is acceptable, then why not fingerpritn the person buying the mortgage? They could easily have a record and that would probably make them more likely to default.

oh and it is worth notign that the bill exempts executive level positions from the fingerprinting requirement.