§13-110. Authority to require license
In addition to any other duties imposed upon the administrator by law, the administrator shall require mortgage loan originators to be licensed and registered through the nationwide mortgage licensing system and registry. In order to carry out this requirement, the administrator is authorized to participate in the nationwide mortgage licensing system and registry. For this purpose, the administrator may establish, by rule or order, requirements as necessary, including but not limited to: [PL 2009, c. 362, Pt. B, §1 (NEW).]
1. Background checks. Background checks for:
A. Criminal history through fingerprint or other databases; [PL 2009, c. 362, Pt. B, §1 (NEW).]
B. Civil or administrative records; [PL 2009, c. 362, Pt. B, §1 (NEW).]
C. Credit history; or [PL 2009, c. 362, Pt. B, §1 (NEW).]
D. Any other information determined necessary by the nationwide mortgage licensing system and registry; [PL 2009, c. 362, Pt. B, §1 (NEW).]
[PL 2009, c. 362, Pt. B, §1 (NEW).]
2. Fees. The payment of fees to apply for or renew licenses through the nationwide mortgage licensing system and registry, that fee being initially established in the amount of $20 to the administrator at application and $20 for renewal, subject to adjustment pursuant to rule or order as set forth under this section. Renewal applications received after the due date are subject to an additional fee of $100;
[PL 2013, c. 466, §14 (AMD).]
3. Dates. The setting or resetting as necessary of renewal or reporting dates; and
[PL 2009, c. 362, Pt. B, §1 (NEW).]
4. Other requirements. Other requirements for amending or revoking a license or any other such activities as the administrator considers necessary for participation in the nationwide mortgage licensing system and registry.
[PL 2009, c. 362, Pt. B, §1 (NEW).]
SECTION HISTORY
PL 2009, c. 362, Pt. B, §1 (NEW). PL 2011, c. 427, Pt. B, §20 (AMD). PL 2013, c. 466, §14 (AMD).
Structure Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 13: MAINE SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2009
9-A §13-103. License and registration required
9-A §13-104. State license and registration application and issuance
9-A §13-105. Issuance of license
9-A §13-106. Prelicensing education for mortgage loan originators
9-A §13-107. Testing of mortgage loan originators
9-A §13-108. Standards for license renewal
9-A §13-109. Continuing education for mortgage loan originators
9-A §13-110. Authority to require license
9-A §13-111. Nationwide mortgage licensing system and registry information challenge process
9-A §13-112. Enforcement authorities, violations and penalties
9-A §13-113. Surety bond or minimum net worth requirements
9-A §13-115. Investigation and examination authority
9-A §13-116. Prohibited acts and practices
9-A §13-117. Report to nationwide mortgage licensing system and registry