§13-110. Authority to require license






In addition to any other duties imposed upon the administrator by law, the administrator
shall require mortgage loan originators to be licensed and registered through the
nationwide mortgage licensing system and registry. In order to carry out this requirement,
the administrator is authorized to participate in the nationwide mortgage licensing
system and registry. For this purpose, the administrator may establish, by rule or
order, requirements as necessary, including but not limited to: [2009, c. 362, Pt. B, §1 (NEW).]








1. Background checks.  
Background checks for:





A. Criminal history through fingerprint or other databases; [2009, c. 362, Pt. B, §1 (NEW).]










B. Civil or administrative records; [2009, c. 362, Pt. B, §1 (NEW).]










C. Credit history; or [2009, c. 362, Pt. B, §1 (NEW).]










D. Any other information determined necessary by the nationwide mortgage licensing system
and registry; [2009, c. 362, Pt. B, §1 (NEW).]







[
2009, c. 362, Pt. B, §1 (NEW)
.]








2. Fees.  
The payment of fees to apply for or renew licenses through the nationwide mortgage
licensing system and registry, that fee being initially established in the amount
of $20 to the administrator at application and $20 for renewal, subject to adjustment
pursuant to rule or order as set forth under this section. Renewal applications received after the due date are subject to an additional fee
of $100;


[
2013, c. 466, §14 (AMD)
.]








3. Dates.  
The setting or resetting as necessary of renewal or reporting dates; and


[
2009, c. 362, Pt. B, §1 (NEW)
.]








4. Other requirements.  
Other requirements for amending or revoking a license or any other such activities
as the administrator considers necessary for participation in the nationwide mortgage
licensing system and registry.


[
2009, c. 362, Pt. B, §1 (NEW)
.]





SECTION HISTORY

2009, c. 362, Pt. B, §1 (NEW).
2011, c. 427, Pt. B, §20 (AMD).
2013, c. 466, §14 (AMD).