[§454F-24]  Mortgage servicer companies; mortgage loan originators.  An employee who performs mortgage loan originator activities for a mortgage servicer company is exempt from registration and licensure as a mortgage loan originator; provided that:

     (1)  The employee's actions are part of the employee's duties as an employee of the mortgage servicer company; and

     (2)  The employee only provides mortgage loan originator services with respect to a residential mortgage loan modification. [L 2012, c 252, pt of §1]