54-14 MORTGAGE LENDER BUSINESS
MORTGAGE LENDER BUSINESS
54-14-1 to 54-14-11. Repealed.
Loan processor or underwriter defined.
Mortgage loan originator defined.
Real estate brokerage activity defined.
Registered mortgage loan originator defined.
License required for mortgage lenders, mortgage brokerage, mortgage brokers, and
mortgage loan originators--Identification through nationwide mortgage licensing
system and registry.
Mortgage loan originator license--Required findings.
Mortgage loan originator license--Renewal standards.
Effective dates of §§ 54-14-13.1 and 54-14-13.2.
License required for loan processor or underwriter--Identification through nationwide
mortgage licensing system and registry.
License required for company originating, selling, or servicing nonresidential
Application for licensure or registration.
Information to be furnished to nationwide mortgage licensing system and registry--Distribution of information--Criminal background check.
License and registration not assignable.
Expiration of license or registration.
Fees for renewal of license.
Exemption of certain entities from chapter.
Exemption of certain persons from mortgage loan originator license requirement.
Exemption of attorneys from mortgage loan originator license requirement.
Exemption of certain entities from licensing requirements.
Mortgage broker or lender permitted to use services of mortgage loan originator.
Surety bond requirements.
Violation of license or registration requirements--Misdemeanor.
Civil penalty for acting without required license or registration.
Examination and investigation by director.
Conditioning, denial, nonrenewal, suspension, or revocation of license.
Reinstatement of license or registration--Termination of suspension--New license or
Procedure for contesting suspension or revocation.
Annual tax upon net income--Exemptions.
Promulgation of rules regarding licensing, education, and fees.
Disposition of fees.
Contracts with nationwide mortgage licensing system.
Promulgation of rules for challenging information entered in nationwide mortgage
Sharing of information.
Reports of condition--Promulgation of rules.
Reports of violations and enforcement.
Improper influence on real estate appraisals prohibited--Grounds for discipline.
Conduct not constituting improper influence on real estate appraisals.