Financial Institutions - Nondepository Lenders - Mortgage Lenders, Brokers and Servicers Fees

Published: 2009-12-22

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
R343. Financial Institutions, Nondepository Lenders.
R343-2. Mortgage Lenders, Brokers and Servicers Fees.
R343-2-1. Authority, Scope and Purpose.
(1) This rule is issued pursuant to Section 70D-2-203.
(2) This rule applies to mortgage lenders, brokers or servicers who are required to file a written notification with the commissioner.
(3) This rule establishes the annual notification renewal and examination fees.
R343-2-2. Definitions.
(1) "Commissioner" means the Commissioner of Financial Institutions.
(2) "Department" means the Department of Financial Institutions.
R343-2-3. Annual Notification Renewal Fee.
(1) Each person required to file an annual notification renewal shall pay the commissioner a fee of $100.
R343-2-4. Examination Fee.
(1) A mortgage lender, broker or servicer who is examined by the department shall pay the commissioner a per diem assessment calculated at the rate of $55 per hour:
(i) for each examiner; and
(ii) per hour worked.
KEY: mortgage
Date of Enactment or Last Substantive Amendment: December 22, 2009
Notice of Continuation: December 3, 2019
Authorizing, and Implemented or Interpreted Law: 70D-3-102