Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers

Article 13 - Licensing of Mortgage Lenders and Mortgage Brokers

§ 7-1-1000. Definitions
§ 7-1-1001. Exemption for certain persons and entities; registration requirements
§ 7-1-1001.1. Requirement for mortgage loan originator license; application to sellers of mobile homes
§ 7-1-1002. Transaction of business without a license, registration, or exemption prohibited; knowing purchase of mortgage loan from unlicensed or nonexempt broker or lender prohibited; liability of persons controlling violators
§ 7-1-1003. Applications for licenses
§ 7-1-1003.1. Physical place of business
§ 7-1-1003.2. Financial requirements for licensing and registration; bond requirements
§ 7-1-1003.3. Application for registration
§ 7-1-1003.4. Notification statement
§ 7-1-1003.5. Nation-wide Multistate Licensing System and Registry
§ 7-1-1003.6. Privileged or confidential nature of information; exception
§ 7-1-1003.7. Approval of mortgage industry related courses; application; renewal applications; audits
§ 7-1-1004. Investigation of applicant and its officers; audit; education, experience, and other requirements relative to licensees and registrants
§ 7-1-1004.1. Reports of condition
§ 7-1-1004.2. Licensees' ability to challenge information
§ 7-1-1004.3. Visibility requirement for unique identifier of individuals originating residential mortgage loan
§ 7-1-1005. Renewal of licenses and registrations; expiration
§ 7-1-1006. Contents of license; posting of license; transferring of license; transacting business under other name; change of address; opening a new additional office without prior approval; approval of branch manager
§ 7-1-1007. Licensee to give notice of certain actions brought against it by a creditor or borrower; notice to the department of cancellation of bond
§ 7-1-1008. Acquisition of 10 percent or more of the voting shares or of the ownership of any other entity licensed or registered to conduct business under this article
§ 7-1-1009. Maintenance of books, accounts, and records; investigation and examination of licensees and registrants by department; confidentiality; exemptions from civil liability
§ 7-1-1010. Annual financial statements
§ 7-1-1011. Annual fees
§ 7-1-1012. Rules and regulations
§ 7-1-1013. Prohibition of certain acts
§ 7-1-1014. Regulations governing disclosure required to applicants for mortgage loans
§ 7-1-1015. Rules relative to escrow accounts
§ 7-1-1016. Regulations relative to advertising
§ 7-1-1017. Suspension or revocation of licenses, registrations, or mortgage broker education approval; notice; judicial review; effect on preexisting contract
§ 7-1-1018. Cease and desist orders; enforcement procedure; civil penalty; fines
§ 7-1-1019. Criminal penalties
§ 7-1-1020. Construction
§ 7-1-1021. Regulations governing lock-in and commitment agreements

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