Effective - 08 Jul 2009
443.725. Duties of director — rule requirements authorized. — In addition to any other duties imposed upon the director by law, the director shall require mortgage loan originators to be licensed and registered through the NMLSR. In order to carry out such requirement, the director is authorized to participate in the NMLSR. For this purpose, the director may establish by rule requirements as necessary, including but not limited to:
(1) Background checks for:
(a) Criminal history through fingerprint or other databases;
(b) Civil or administrative records;
(c) Credit history; or
(d) Any other information as deemed necessary by the NMLSR;
(2) The payment of fees to apply for or renew licenses through the NMLSR;
(3) The setting or resetting as necessary of renewal or reporting dates; and
(4) Requirements for amending or surrendering a license or any other such activities as the director deems necessary for participation in the NMLSR.
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(L. 2009 H.B. 382)
Effective 7-08-09