CHAPTER 454F

SECURE AND FAIR ENFORCEMENT FOR MORTGAGE

LICENSING ACT

 

        Part I.  General Provisions

Section

   454F-1 Definitions

 454F-1.5 Registration with NMLS required

 454F-1.6 Presumption of control

 454F-1.7 Duties of a mortgage loan originator company's

          qualified individual and branch manager

 454F-1.8 Sponsorship by mortgage loan originator company,

          exempt sponsoring mortgage loan originator company,

          or nonprofit organization

   454F-2 Exemptions

 454F-2.5 Exempt sponsoring mortgage loan originator company;

          registration

   454F-3 Requirement of licensure

   454F-4 License and registration; application; issuance

 454F-4.5 Automatic secondary review of license application

 454F-4.8 Decision denying application subject to administrative

          hearing

 454F-4.9 Abandoned applications

   454F-5 Issuance of license

   454F-6 Pre-licensing and re-licensing; education of mortgage

          loan originators

   454F-7 Testing of mortgage loan originators

   454F-8 Standards for license renewal

 454F-8.5 Reinstatement of expired licenses

   454F-9 Continuing education; mortgage loan originators

  454F-10 Authority to require license

454F-10.5 Authorized places of business; designation of qualified

          individuals and branch managers; branch offices;

          principal office; relocation

454F-10.6 Voluntary cessation of operation; surrender of license

454F-10.7 Change in control of a licensee; fees

  454F-11 NMLS registry information; challenge process

  454F-12 Enforcement authorities; violations; penalties

  454F-13 Repealed

  454F-14 Confidentiality

  454F-15 Investigation and examination authority

  454F-16 Mortgage call reports

  454F-17 Prohibited practices

  454F-18 Powers of commissioner

  454F-19 Unique identifier shown

  454F-20 Report to NMLS

  454F-21 Repealed

  454F-22 Mortgage loan originator, mortgage loan originator

          company, exempt sponsoring mortgage loan

          originator company, nonprofit organizations,

          and mortgage servicer company fees

  454F-23 Payment of fees

  454F-24 Mortgage servicer companies; mortgage loan originators

  454F-25 Nonprofit organizations; mortgage loan originators

  454F-26 Repealed

 

        Part II.  Mortgage Loan Recovery Fund

  454F-41 Mortgage loan recovery fund; use of fund; fees

  454F-42 Statute of limitation; recovery from fund

  454F-43 Management of fund

  454F-44 Standing

  454F-45 Subrogation of rights

  454F-46 Waiver of rights

  454F-47 Disciplinary action against licensee

 

Note

 

  Hiring and temporary exchange of employees.  L 2010, c 84, §§31, 33, and 34.

 

Revision Note

 

  Chapter was enacted as an addition to title 22 but is redesignated to title 25 pursuant to §23G-15.