Chapter 454F
Secure and Fair Enforcement for Mortgage Licensing Act
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454F-13 Repealed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454F-21 Repealed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, and nonprofit organization fees
454F-23 Payment of fees
454F-24 Limited exemption for mortgage loan originators
employed by mortgage servicers
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454F-26 Repealed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.