Sections
18 entriesSection 10166.01Defines a mortgage loan originator as a compensated individual who takes residential mortgage applications or offers or negotiates loan terms, while excluding…Section 10166.02Requires brokers and supervised salespersons making, arranging, or servicing one-to-four-unit residential loans to notify the department by January 31, 2010, or within…Section 10166.03Exempts a loan processor or underwriter from a mortgage loan originator endorsement when the individual does not represent that they can perform…Section 10166.04Requires mortgage-loan-originator endorsement applicants to provide the Nationwide Multistate Licensing System and Registry with fingerprints, identity, personal history, and authorizations for credit…Section 10166.05Bars issuance of a mortgage loan originator endorsement unless the applicant has no unreversed revocation, meets the specified felony limits, demonstrates financial…Section 10166.051Allows the commissioner, after appropriate notice and an opportunity for hearing, to deny, suspend, revoke, restrict, condition, or decline renewal of a…Section 10166.06Requires mortgage-loan-originator endorsement applicants to complete at least 20 hours of approved education, including 3 hours federal law, 3 hours ethics, and…Section 10166.07Requires covered real estate brokers making, arranging, or servicing one-to-four-unit residential loans to file an annual business-activities report within 90 days after…Section 10166.08Requires each mortgage loan originator to submit reports of condition to the Nationwide Multistate Licensing System and Registry. The reports must use…Section 10166.09Sets minimum renewal standards for a mortgage loan originator endorsement by requiring the originator to continue meeting the minimum standards for obtaining…Section 10166.10Requires mortgage loan originators to complete at least eight hours of approved continuing education annually, including 3 hours federal law, 2 hours…Section 10166.11Requires covered real estate brokers to keep records sufficient for the commissioner to evaluate residential mortgage compliance and, on request, authorize disclosure…Section 10166.12Allows the commissioner to examine, as often as necessary, brokers subject to mortgage-loan reporting or endorsement requirements and the supervised brokers and…Section 10166.13Requires a real estate broker who performs the specified brokerage activities and makes, arranges, or services loans secured by real property containing…Section 10166.14Requires a real estate broker to notify the department when the broker is no longer subject to the part. If the broker…Section 10166.15Requires the commissioner to regularly report article violations and specified mortgage loan originator enforcement actions to the Nationwide Multistate Licensing System and…Section 10166.16Establishes that federal and state privacy, confidentiality, and privilege protections continue for information disclosed to the Nationwide Multistate Licensing System and Registry…Section 10166.17Requires mortgage loan originators to be licensed and registered through the Nationwide Multistate Licensing System and Registry and authorizes the commissioner to…