The Vermont Statutes Online
Banking and Insurance
2208a. Mortgage loan originator change of employer or sponsor
(a) No mortgage
loan originator may be employed, supervised, and sponsored by more than one
licensed lender or licensed mortgage broker operating in this State.
Alternatively, a mortgage loan originator may be an individual sole proprietor
who is also licensed as a lender or mortgage broker in this State.
(b) A mortgage
loan originator shall notify the Commissioner and update its status on the
Nationwide Mortgage Licensing System and Registry within 15 days of any change
in the employer and sponsor of the mortgage loan originator subsequent to the
initial employer and sponsor. A fee of $50.00 payable to the Commissioner shall
accompany notice of such change of employer and sponsor. (Added 2009, No. 134
(Adj. Sess.), § 19.)