1E Relating to residential mortgage lending; modifying certain residential mortgage originator and servicer licensing and education requirements; modifying certificate of exemption requirements; modifying certain license application content requirements and specifying certain waiver authority of the commissioner of commerce; increasing certain fees; specifying certain examination powers of the commissioner; providing for certain additional requirements for residential mortgage originators and servicers to discourage predatory lending including determining reasonable ability to pay; prohibiting a loan resulting in negative amortization; prohibiting lenders from arranging residential mortgage loans with a portion of the proceeds put toward a special mortgage; prohibiting residential mortgage fraud, prescribing penalties; extending license renewal dates; repealing a certain provision relating to residential mortgage originators bonds and letters of credit
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