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§19-14.10-11  Authority to require license. –


Published: 2015

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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.)