6-991.10. Payments to the mortgage recovery fund
A. In addition to any other fees, applicants shall pay an amount to be determined by the superintendent to the mortgage recovery fund on application for an original loan originator license.
B. If, on June 30 of any year, the balance remaining in the mortgage recovery fund is less than two million dollars, every licensee when renewing a loan originator license during the following license year shall pay, in addition to the license renewal fee, a fee to be determined by the superintendent for deposit in the mortgage recovery fund.
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