Laws, Rules & Substantive Policy Statement
Chapter 9 MORTGAGE BROKERS, MORTGAGE BANKERS, COMMERICAL MORTGAGE BANKERS AND LOAN ORIGINATORS
Article 1 Mortgage Brokers
6-901 Definitions
6-902 Exemptions
6-903 Licensing of mortgage brokers required; qualifications; application; bond; fees; renewal
6-904 Issuance of license; renewal; inactive status; branch office license; application; fee
6-905 Denial, suspension or revocation of licenses
6-906 Required accounting practices and records; escrow of monies; disclosure
6-907 Required disclosure to investors
6-908 Testing committee; testing of applicants; approval by superintendent; definition
6-909 Prohibited acts
6-910 Noncompliance not to affect validity of loan
6-911 Active military duty; compensation
6-912 Certificate of exemption
6-913 Conversion to commercial mortgage broker license
Article 2 Mortgage Bankers
6-941 Definitions
6-942 Exemptions
6-943 Licensing of mortgage bankers required; qualifications; application; bond; fees; renewal
6-944 Issuance of license; renewal; branch office license; application; fee
6-945 Denial, suspension or revocation of licenses
6-946 Required accounting practices and records; refundable deposits; periodic impoundment payments; disclosure
6-947 Prohibited acts
6-948 Noncompliance not to affect validity of loan
6-949 Conversion to mortgage broker license
Article 3 Commercial Mortgage Bankers
6-971 Definitions
6-972 Exemptions
6-973 Licensing commercial mortgage bankers required; qualifications
6-974 Application for license; issuance or denial; fees
6-975 Bond or other security
6-976 Responsible individual; employees
6-977 Displaying and using license number
6-978 Consent of superintendent for transferring, assigning or acquiring control of licensee; definition
6-979 Principal place of business; branch office license; change of address
6-980 Annual renewal; expiration on failure to renew
6-981 Inactive status
6-982 Denial, suspension or revocation of licenses
6-983 Required accounting practices and records; escrow of monies; disclosure
6-984 Prohibited acts
6-985 Noncompliance not to affect validity of loan
Article 4 Loan Originators
6-991 Definitions
6-991.01 Exemptions
6-991.02 Prohibited acts
6-991.03 Licensing; renewal; qualifications; application; fees
6-991.04 Issuance of license; notice from employing mortgage broker, mortgage banker or consumer lender or registered exempt person; renewal; inactive
status; address change; fees
6-991.05 Denial, suspension or revocation of licenses
6-991.07 Examination; fee; definition
6-991.08 Reasonable efforts to secure advantageous loan for borrower
6-991.09 Mortgage recovery fund; liability limits
6-991.10 Payments to the mortgage recovery fund
6-991.11 Statute of limitations; service of summons; application for payment; insufficient monies; definition
6-991.12 Notice of claim to judgment debtor; response
6-991.13 Correction of deficiencies in the application
6-991.14 Investigation and discovery
6-991.15 Final decision and order on claim; notice
6-991.16 Claimant's right to appeal denial of claim; service of notice of appeal; response; failure to file response
6-991.17 Superintendent's standing in court
6-991.18 Subrogation of rights; collection
6-991.19 Waiver of rights
6-991.20 Effect of article on disciplinary action
6-991.21 Financial services fund; use of fund
6-991.22 Noncompliance not to affect validity of loan
