TITLE 19
Financial institutions
CHAPTER 19-14.10
An Act Adopting the Federal Secure and Fair Enforcement for Mortgage Licensing
Act of 2009
SECTION 19-14.10-11
§ 19-14.10-11 Authority to require
license.
In addition to any other duties imposed upon the director or the director's
designee by law, the director or the director's designee 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
director or the director's designee is authorized to participate in the
nationwide mortgage licensing system and registry. For this purpose, the
director or the director's designee may establish by rule or regulation
requirements as necessary, including but not limited to:
(1) Background checks for:
(i) Criminal history through fingerprint or other databases;
(ii) Civil or administrative records;
(iii) Credit history; or
(2) Any other information as deemed necessary by the
nationwide mortgage licensing system and registry.
(3) The payment of fees to apply for or renew licenses
through the nationwide mortgage licensing system and registry;
(4) The setting or resetting as necessary of renewal or
reporting dates; and
(5) Requirements for amending or surrendering a license or
any other such activities as the director or the director's designee deems
necessary for participation in the nationwide mortgage licensing system and
registry.
History of Section.
(P.L. 2009, ch. 148, § 3; P.L. 2009, ch. 160, § 3.)