(a) In addition to any other duties imposed upon the Commissioner by law, the Commissioner shall require mortgage loan originators to be licensed and registered through the Nationwide Mortgage Licensing System and Registry.
(b) In order to carry out this requirement, the Commissioner is authorized to participate in the Nationwide Mortgage Licensing System and Registry. Notwithstanding any other statute to the contrary, the Commissioner may, for this purpose, establish by rule, regulation or order requirements as necessary, including but not limited to:
(1) Background checks for:
a. Criminal history through fingerprint or other databases;
b. Civil or administrative records;
c. Credit history; or
d. Any other information as deemed necessary by the Nationwide Mortgage Licensing System and Registry;
(2) The payment of fees to apply for or renew licenses through the Nationwide Mortgage Licensing System and Registry;
(3) The setting or resetting as necessary of renewal or reporting dates; and
(4) Requirements for amending or surrendering a license or any other such activities as the Commissioner deems necessary for participation in the Nationwide Mortgage Licensing System and Registry.
Structure Delaware Code
Chapter 24. MORTGAGE LOAN ORIGINATORS
§ 2404. License and registration required.
§ 2406. Issuance of license; expiration and surrender.
§ 2407. Prelicensing education.
§ 2409. Standards for license renewal.
§ 2411. Authority to require license.
§ 2412. Nationwide mortgage licensing system and registry information challenge process.
§ 2413. License revocation or suspension.
§ 2414. Enforcement authorities, violations and penalties.
§ 2417. Investigation and examination authority.
§ 2418. Prohibited acts and practices.
§ 2419. Report to nationwide mortgage licensing system and registry.
§ 2420. Unique identifier shown.