SECTION .0200 - LICENSING
04 NCAC 03M .0201 APPLICATION
(a) All fees required by G.S. 53-244.090 or 53-244.101
shall be submitted with an application for licensure or renewal of license as a
mortgage lender, mortgage broker, mortgage servicer, exclusive mortgage broker
or mortgage loan originator. The fees are nonrefundable.
(b) Each type of application required by the rules in this
Subchapter or the Act shall be filed through the NMLS&R and shall be
verified by the oath or affirmation of the applicant or a principal officer
thereof.
(c) In addition to the documents and information required
by the rules in this Subchapter, the Commissioner or his or her staff may
require additional information according to the Rules in order to enable the
Commissioner to determine that the applicant meets or the licensee continues to
meet the requirements of G.S. 53-244.040, 53-244.050, 53-244.060, 53-244.070,
53-244.080, 53-244.100, 53-244.101, 53-244.102, 53-244.103, 53-244.104, and
53-244.105.
(d) Applications submitted without the required fees or
which are missing material information shall be held in pending status for a
period of 30 calendar days after written notice to the applicant specifying the
nature of the deficiency. If any such deficiency remains outstanding for more
than 30 days, the application shall automatically be considered withdrawn
without further action by the Commissioner, and the applicant shall submit a
new application and pay all fees associated therewith.
History Note: Authority G.S. 53-244.040, 53-244.050;
53-244.060; 53-244.070, 53-244.080, 53-244.100; 53-244.101; 53-244.102;
53-244.103; 53-244.104; 53-244.118;
Temporary Adoption Eff. July 1, 2002;
Eff. April 1, 2003;
Amended Eff. May 1, 2010.