1 RULES OF TENNESSEE DEPARTMENT OF FINANCIAL INSTITUTIONS COMPLIANCE DIVISION CHAPTER RULES PERTAINING TO MORTGAGE LENDING, LOAN TABLE OF CONTENTS Definitions Experience Required for a License Accounting for Fees to Third Persons Financial Statements Notice of Mortgage Transfer Nationwide Mortgage Licensing and Registry Lock-In Agreement System Challenge Process Refund of Lock-In Fee Notification Requirements Refund of Commitment Fee Preservation of Records Brokerage/Finder Fees Annual Report Surety Bond Requirements Letter of Exemption Fee for Substitute License DEFINITIONS. As used herein: (1) Brokerage Fee means a fee charged by a mortgage loan broker or residential mortgage lender that is paid by or charged to a loan applicant for mortgage loan origination in which no part of the fee is for service rendered by a third party provider. For the purpose of this rule, brokerage fee is synonymous with finder fee. (2) Commitment means a written offer to make a residential mortgage loan that is signed by a mortgage lender or that is signed by an employee authorized to sign such a written offer on behalf of a mortgage lender. (3) Commitment agreement means a commitment accepted by an applicant for a residential mortgage loan, as evidenced by the applicant s signature thereon. (4) "Fees paid to third persons means the bona fide fees or charges paid by the applicant for a residential mortgage loan to third persons other than the mortgage lender or mortgage loan broker or paid by the applicant to or retained by the mortgage lender or mortgage loan broker for transmittal to such third persons in connection with the residential mortgage loan, including, but not limited to, mail service charges, tax service charges, recording taxes and fees, reconveyance or releasing fees, appraisal fees, credit report fees, attorney fees, fees for title reports and title searches, title insurance premiums, surveys, and similar charges. (5) "Commitment fee means any fee or charge accepted by a mortgage lender, or by a mortgage loan broker for transmittal to a mortgage lender, as consideration for binding the mortgage lender to make a residential mortgage loan in accordance with the terms of the commitment or as a requirement for acceptance by the applicant of a commitment. "Commitment fee does not include interest or fees paid to third persons. (6) (a) "Lock-in agreement means a written agreement between a mortgage lender and an applicant for a residential mortgage loan that establishes and sets an interest rate, discount points, and lock-in fees to be charged in connection with a residential mortgage loan that is closed within the time period specified in the agreement. A lock-in agreement can be entered into before a residential mortgage loan approval, subject to October, 2010 (Revised) 1
2 (Rule , continued) a residential mortgage loan being approved and closed, or after a residential mortgage loan approval. (b) A commitment agreement that establishes and sets an interest rate, discount points, and the commitment fees to be charged in connection with a residential mortgage loan that is also closed within the time period specified in the agreement is a lock-in agreement. (7) "Lock-in fee means a fee or charge accepted by a mortgage lender, or by a mortgage loan broker for transmittal to a mortgage lender, as consideration for making a lock-in agreement. "Lock-in fee" does not include interest or fees paid to third persons. (8) Discount points means a fee or charge retained or received by a mortgage lender or mortgage loan broker that is stated or calculated as a percentage or fraction of the principal amount of the residential mortgage loan. Discount points" does not include interest, origination fees, or any fees paid to third persons. (9) Unless otherwise provided, all other terms used herein shall have the meaning ascribed to them in the Tennessee Residential Lending, Brokerage and Servicing Act, Chapter 499 of the Public Acts of Authority: T.C.A., Title 45, Chapter 13, Tennessee Residential Lending, Brokerage and Servicing Act; T.C.A (h), and Administrative History: Original rule filed January 25, 1989; effective May 1, Repeal and new rule filed May 28, 2010; effective October 29, ACCOUNTING FOR FEES TO THIRD PERSONS. All moneys received by a licensee from an applicant for fees paid to third persons shall be accounted for separately (such as by use of the HUD-1 Settlement Statement), and all disbursements for fees paid to third persons shall be supported by adequate documentation of the services for which such fees were or are to be paid. Authority: T.C.A (h), , (a) and Administrative History: Original rule filed January 25, 1989; effective May 1, Repeal and new rule filed May 28, 2010; effective October 29, NOTICE OF MORTGAGE TRANSFER. A transferor of servicing rights under a residential mortgage loan shall give the mortgagor under the loan written notice of the transfer of servicing rights. The notice shall specify the name and address to which future payments are to be made and shall be mailed or delivered to the mortgagor at least ten (10) calendar days before the first payment affected by the notice is due. The mortgagor under the loan shall be entitled to continue to make payments to the transferor of the servicing rights until the mortgagor is given the notice specified herein, and neither the transferor nor the transferee of the servicing rights shall be entitled to enforce any penalties for late payment or non-payment against the mortgagor based on such continuation. Authority: T.C.A (h) and Administrative History: Original rule filed January 25, 1989; effective May 1, Repeal and new rule filed May 28, 2010; effective October 29, LOCK-IN AGREEMENT. (1) A lock-in agreement shall include, but not necessarily be limited to, the following: October, 2010 (Revised) 2
3 (Rule , continued) (a) The interest rate and discount points to be paid by the applicant on the residential mortgage loan, and if the residential mortgage loan has an adjustable interest rate, the initial interest rate to be paid by the applicant on the residential mortgage loan; (b) (c) (d) (e) (f) The amount of any lock-in fee and the time within which the lock-in fee must be paid; The length of the lock-in period; A statement that if the residential mortgage loan is not closed within the lock-in period, the mortgage lender will no longer be obligated by the lock-in agreement and that any lock-in fee paid by the applicant may not be refundable except under certain conditions (the conditions do not have to be specified); A statement that any terms not locked in by the lock-in agreement are subject to change until the residential mortgage loan is closed at settlement; and Any other terms and conditions of the lock-in agreement required by the mortgage lender. Authority: T.C.A (h), and (a). Administrative History: Original rule filed January 25, 1989; effective May 1, Repeal and new rule filed May 28, 2010; effective October 29, REFUND OF LOCK-IN FEE. A failure by a licensee to return a lock-in fee to an applicant pursuant to the terms of its agreement with the applicant shall constitute grounds to revoke the license of such licensee. Authority: T.C.A (h), and (a). Administrative History: Original rule filed January 25, 1989; effective May 1, Repeal and new rule filed May 28, 2010; effective October 29, REFUND OF COMMITMENT FEE. A failure by a licensee to return a commitment fee to an applicant pursuant to the terms of its agreement with the applicant shall constitute grounds to revoke the license of such licensee. Authority: T.C.A (h), , (a), (5) and (a). Administrative History: Original rule filed January 25, 1989; effective May 1, Repeal and new rule filed May 28, 2010; effective October 29, BROKERAGE/FINDER FEES. (1) Licensees that charge or pay a brokerage/finder fee must provide a schedule of fees paid or charged in their filing papers and cannot alter those charges without thirty (30) days prior written notice to the Department of Financial Institutions. (2) A brokerage/finder fee of two percent (2%) or less of the principal amount of the residential mortgage loan is considered fair and reasonable. A brokerage/finder fee that is more than two percent (2%) of the principal amount of the loan is presumed unfair and unreasonable and shall be grounds to revoke the license of such licensee, unless such licensee can provide evidence showing that the fee constitutes fair and reasonable compensation, subject to the restrictions in T.C.A , et seq. October, 2010 (Revised) 3
4 (Rule , continued) Authority: T.C.A (h), , (5), (a) and (c). Administrative History: Original rule filed January 25, 1989; effective May 1, Repeal and new rule filed May 28, 2010; effective October 29, SURETY BOND REQUIREMENTS. (1) As a condition of renewing a mortgage lender or mortgage loan broker license, the licensee shall file a surety bond in a form approved by the commissioner, providing coverage for each of its mortgage loan originators in an amount reflecting the dollar amount of Tennessee residential mortgage loans originated by the licensee in the calendar year immediately preceding the calendar year in which the renewal application is filed, as follows: (a) For mortgage loan brokers: 1. Less than $10,000,000 in loans bond amount of $45,000; 2. $10,000,000 or more in loans, but less than $50,000,000 bond amount of $90,000; or 3. $50,000,000 or more in loans bond amount of $135,000. (b) For mortgage lenders: 1. Less than $10,000,000 in loans bond amount of $100,000; 2. $10,000,000 or more in loans, but less than $50,000,000 bond amount of $200,000; or 3. $50,000,000 or more in loans bond amount of $300,000. (2) If the renewal application is being filed in the year in which the license was issued, or in a year in which the license was issued in the immediately preceding calendar year, the mortgage lender or mortgage loan broker shall file as a condition of renewal a surety bond providing coverage for each of its mortgage loan originators in the amount of $200,000 for a mortgage lender and in the amount of $90,000 for a mortgage loan broker. (3) If the applicant or licensee is a combination of a mortgage lender, mortgage loan broker, and/or mortgage loan servicer, the applicant or licensee is only required to provide one (1) surety bond, which shall be in the highest amount required if the applicant or licensee were solely a mortgage lender, mortgage loan broker, or mortgage loan servicer, and not a combination thereof. An applicant or licensee that is solely a loan servicer shall maintain as a condition of renewal a surety bond in the amount of $200,000. Authority: T.C.A (h), and Administrative History: Original rule filed January 25, 1989; effective May 1, Repeal and new rule filed May 28, 2010; effective October 29, LETTER OF EXEMPTION. The Department of Financial Institutions may issue a letter of exemption to any entity or person that provides the Department with sufficient written evidence of exemption that is signed by an authorized legal or corporate representative. October, 2010 (Revised) 4
5 (Rule , continued) Authority: T.C.A (h), , and (d). Administrative History: Original rule filed January 25, 1989; effective May 1, Repeal and new rule filed May 28, 2010; effective October 29, FEE FOR SUBSTITUTE LICENSE. The nonrefundable fee to obtain a substitute license for any license issued under the Tennessee Residential Lending, Brokerage and Servicing Act is twenty-five dollars ($25.00). Authority: T.C.A (h), and Administrative History: Original rule filed July 26, 1996; effective November 28, Public necessity rule filed March 8, 2005; effective through August 20, Amendment filed March 8, 2005; effective May 22, Repeal and new rule filed May 28, 2010; effective October 29, EXPERIENCE REQUIRED FOR A LICENSE. (1) Experience Required. The Department of Financial Institutions shall not issue a mortgage lender, mortgage loan broker, or mortgage loan servicer license unless the applicant demonstrates at least three (3) years of relevant and substantive experience in the mortgage loan industry. Experience is considered relevant if it occurred within the five (5) years preceding the date of application. The Department shall deny an application for licensure if the applicant does not provide the Department with satisfactory evidence of experience. Experience may be verified with any past or current employers, with taxing authorities, and/or with any other professional references. The experience required under this paragraph is a continuing requirement and the failure of a mortgage lender, mortgage loan broker or mortgage loan servicer to maintain the requisite experience (e.g. if the individual demonstrating the company s experience at initial licensure leaves the company) shall constitute grounds to suspend or revoke the license. (2) Mortgage Lenders and Mortgage Loan Brokers. An applicant seeking licensure as a mortgage lender and/or mortgage loan broker must demonstrate experience by the individual designated in the application as the managing principal. The experience required under paragraph (1) applies to mortgage lenders and mortgage loan brokers licensed prior to the effective date of this rule upon any change in managing principal. (a) Change in Managing Principal. Upon any change in a mortgage lender's or mortgage loan broker's managing principal, the Department may, as a condition of continued licensure, request such evidence as it finds reasonably necessary to verify that the new managing principal has the requisite three (3) years experience in the mortgage loan industry. (3) Mortgage Loan Servicers. An applicant seeking licensure solely as a mortgage loan servicer must demonstrate experience by the single individual identified in the application possessing significant managerial control over the applicant (such as the president or chief executive officer). If the applicant servicer is a sole proprietor, the applicant must demonstrate experience by the sole proprietor. The experience required under paragraph (1) applies to a mortgage loan servicer licensed prior to the effective date of this rule upon any change in the individual designated as demonstrating such experience in its mortgage loan servicer renewal application. (a) Change in Individual Demonstrating Experience. Upon any change in a mortgage loan servicer's designated individual demonstrating the experience required under paragraph (1), the Department may, as a condition of continued licensure, request such evidence as it finds reasonably necessary to verify that the new individual has the requisite three (3) years experience in the mortgage loan industry. October, 2010 (Revised) 5
6 (Rule , continued) Authority: T.C.A (h), , , , (5) and (a b). Administrative History: Original rule filed May 28, 2010; effective October 29, FINANCIAL STATEMENTS. Financial statements submitted to the Department of Financial Institutions shall be compiled in accordance with generally accepted accounting principles and certified by an independent certified public accountant or certified public accounting firm. Financial statements shall show compliance with the net worth requirements set forth in T.C.A Financial statements shall include, but are not limited to, an income statement, balance sheet, statement of cash flows, and relevant disclosures. Authority: T.C.A (h), , and (a b). Administrative History: Original rule filed May 28, 2010; effective October 29, NATIONWIDE MORTGAGE LICENSING SYSTEM AND REGISTRY CHALLENGE PROCESS. (1) A person may challenge information entered by the Department of Financial Institutions into the Nationwide Mortgage Licensing System and Registry. A challenge must be made in writing to the Department and addressed to the attention of the Assistant Commissioner for the Compliance Division. The grounds for the challenge shall be limited to a review of the factual accuracy of the information regarding the person's record submitted to the Nationwide Mortgage Licensing System and Registry by the Department. A challenge shall be considered moot if the challenged information is no longer available in the Nationwide Mortgage Licensing System and Registry. (2) The challenge shall include the person's name, unique identifier, and a statement of the alleged inaccuracy of the information entered into the Nationwide Mortgage Licensing System and Registry. The challenge shall include available proof or corroboration that supports the person's challenge, including, but not limited to, certified copies of official documents or court orders. (3) Upon receipt of the challenge, the commissioner shall investigate the challenge, along with any information provided, and determine whether the challenged information entered into the Nationwide Mortgage Licensing System and Registry is factually accurate. (4) The commissioner shall notify the person of the determination within 60 days of the receipt of the written challenge. (5) If the commissioner determines that the information submitted to the Nationwide Mortgage Licensing System and Registry is factually inaccurate, the commissioner shall take prompt steps to correct the information submitted. (6) A person aggrieved by the commissioner's determination regarding a challenge may request a hearing on the question of whether the challenged information is factually accurate. The request for hearing must be in writing within 30 days of the commissioner's determination. If the hearing is timely requested, it shall be conducted under the Uniform Administrative Procedures Act, compiled in Title 4, Chapter 5, and the burden of proving that the challenged information is factually inaccurate is on the person aggrieved by the commissioner's decision regarding the challenge. Authority: 12 U.S.C. 5107(d)(4); T.C.A (h), , (a)(1), and Administrative History: Original rule filed May 28, 2010; effective October 29, October, 2010 (Revised) 6
7 (Rule , continued) NOTIFICATION REQUIREMENTS. (1) In addition to the events set forth in T.C.A , a licensee shall, within fifteen (15) days of the occurrence of any of the following events, file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in this state: (a) The entry of a publicly available administrative order against the licensee by a state or federal regulatory agency, including, but not limited to, an emergency cease and desist order, an order to cease and desist, an order to pay civil penalties, and an order to make refunds. Authority: T.C.A (h), and (6). Administrative History: Original rule filed May 28, 2010; effective October 29, PRESERVATION OF RECORDS. All books and records required to be preserved by any regulation of the commissioner or required to by any federal statute, regulation or regulatory guideline, as applicable to a licensed mortgage lender, mortgage loan broker, and mortgage loan servicer, shall be preserved and made available to the commissioner for twenty-five (25) months on all rejected applications and twenty-four (24) months on all loans paid in full. Authority: T.C.A (h), , and (a). Administrative History: Original rule filed May 28, 2010; effective October 29, ANNUAL REPORT. The annual report required under T.C.A (b) shall be in the form of and submitted on the date of the renewal application required under T.C.A (c). The annual report shall be subscribed and affirmed as true by the licensee under the penalties of perjury and include the names of all directors, officers, general partners, and stockholders owning or controlling 25% or more of the outstanding capital stock of the licensee, any limited partner owning more than 25% of the partnership interest of the licensee, any changes among officers, directors, or general partners within the preceding year, and any change in principal place of business of the licensee. Authority: T.C.A (h), , (c) and (b)-(c). Administrative History: Original rule filed May 28, 2010; effective October 29, October, 2010 (Revised) 7
2 Hour TN SAFE: Tennessee Mortgage Laws and Regulations Student Manual (Online Instructor-Led) Roy L. Ponthier, Ph.D., Ed.D., CDEI, DREI Executive Director 5/14 1 Tennessee Department of Financial Institutions
SUBCHAPTER 03K - REVERSE MORTGAGES SECTION.0100 - ADMINISTRATIVE 04 NCAC 03K.0101 DEFINITIONS; FILINGS (a) As used in this Subchapter, unless the context clearly requires otherwise: (1) Terms defined in
THE CALIFORNIA CORPORATIONS COMMISSIONER HEREBY ADOPTS THE FOLLOWING CHANGES IN THE REGULATIONS UNDER THE CALIFORNIA FINANCE LENDERS LAW CALIFORNIA RESIDENTIAL MORTAGE LENDING ACT AS SET FORTH IN CHAPTER
STATE OF CALIFORNIA DEPARTMENT OF BUSINESS OVERSIGHT INSTRUCTIONS FOR COMPLETING THE APPLICATION FOR A LICENSE UNDER THE CALIFORNIA FINANCE LENDERS LAW (CFLL) WHO IS REQUIRED TO OBTAIN A FINANCE LENDERS
Title 9-A: MAINE CONSUMER CREDIT CODE Article 10: LOAN BROKERS Table of Contents Part 1. GENERAL PROVISIONS... 3 Section 10-101. SHORT TITLE... 3 Section 10-102. DEFINITIONS... 3 Part 2. REGISTRATION AND
Credit Services Organization Act 24 O.S. 131 148 Chapter 8 Credit Services Organization Act Section 131 Short Title This act shall be known and may be cited as the "Credit Services Organization Act". Added
TITLE 12 CHAPTER 19 PART 8 TRADE, COMMERCE AND BANKING MORTGAGE LENDING MORTGAGE LOAN COMPANY REQUIREMENTS 126.96.36.199 ISSUING AGENCY: Financial Institutions Division of the Regulation and Licensing Department.
RULES OF THE TENNESSEE DEPARTMENT OF FINANCIAL INSTITUTIONS CHAPTER 0180-24 RULES PERTAINING TO HOME EQUITY CONVERSION MORTGAGES TABLE OF CONTENTS 0180-24-.01. In General 0180-24-.02. Requirement of Designation
TITLE 160. DEPARTMENT OF CONSUMER CREDIT CHAPTER 55. MORTGAGE BROKERS, MORTGAGE LENDERS AND MORTGAGE LOAN ORIGINATORS SUBCHAPTER 1. GENERAL PROVISIONS 160:55-1-1. Purpose The rules in this chapter provide
This rule was filed as 13 NMAC 4.5. TITLE 13 CHAPTER 4 PART 5 INSURANCE LICENSING OF INSURANCE PROFESSIONALS INSURANCE ADMINISTRATORS 188.8.131.52 ISSUING AGENCY: New Mexico State Corporation Commission [Public
CHAPTER 536 REGULATED LOANS 536.1 Title license required. 536.2 Application fees. 536.3 Bond. 536.4 Grant or refusal of license. 536.5 License form posting. 536.6 Additional bond available assets. 536.7
Public Act No. 15-162 AN ACT CONCERNING A STUDENT LOAN BILL OF RIGHTS. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective October 1, 2015)
DEPARTMENT OF REGULATORY AGENCIES Division of Real Estate MORTGAGE LOAN ORIGINATORS 4 CCR 725-3 [Editor s Notes follow the text of the rules at the end of this CCR Document.] 1-1-1. [REPEALED EFF. 02/14/2011]
What are the requirements to be licensed as a residential mortgage originator under Chapter 58? Significant changes were made to Chapter 58 by the 2007 legislation. Effective August 1, 2007, a mortgage
Regular Session, 0 SENATE BILL NO. ACT No. BY SENATOR MARIONNEAUX 0 AN ACT To amend and reenact R.S. :.,.(A),.(), (), () and (0),.,.(A)(),.0(C),.(B) and (C),.(B) and (C), and., and to repeal R.S. :.(),.,
STATE OF MISSISSIPPI DEPARTMENT OF BANKING AND CONSUMER FINANCE CONSUMER FINANCE DIVISION REGULATIONS FOR THE SMALL LOAN REGULATORY LAW AND SMALL LOAN PRIVILEGE TAX LAW John S. Allison, Commissioner Sections
SPONSOR: Sen. Peterson & Rep. Hudson Sen. Sokola DELAWARE STATE SENATE 147th GENERAL ASSEMBLY SENATE SUBSTITUTE NO. 1 FOR SENATE BILL NO. 38 AN ACT TO AMEND TITLE 24 CHAPTER 40 OF THE DELAWARE CODE RELATING
CHAPTER 13-10 MORTGAGE LOAN ORIGINATORS 13-10-01. Purpose. The purpose of this chapter is to protect consumers seeking mortgage loans and to ensure that the mortgage lending industry is operating without
TITLE 81. BANKS AND FINANCIAL INSTITUTIONS CHAPTER 22. MISSISSIPPI DEBT MANAGEMENT SERVICES ACT [REPEALED EFFECTIVE JULY 1, 2013] Section 81-22-1. Short title [Repealed effective July 1, 2013] 81-22-3.
IC 24-4.5-7 Chapter 7. Small Loans IC 24-4.5-7-101 Citation Sec. 101. This chapter shall be known and may be cited as Uniform Consumer Credit Code Small Loans. As added by P.L.38-2002, SEC.1. IC 24-4.5-7-102
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2013 SESSION LAW 2013-327 HOUSE BILL 616 AN ACT AMENDING THE SECURE AND FAIR ENFORCEMENT MORTGAGE LICENSING ACT TO PROVIDE FOR THE LICENSURE OF A TRANSITIONAL
April 21, 2014 Delaware s Bank Commissioner Adopts Mortgage Regulations By Louis Danastorg Delaware has adopted the amended regulations that had been published in the February 2014 edition of the Delaware
00 STATE OF WYOMING 0LSO-00 SENATE FILE NO. SF00 Residential Mortgage Practices Act. Sponsored by: Joint Minerals, Business and Economic Development Interim Committee A BILL for AN ACT relating to trade
FOR OFFICE USE ONLY: Inv. Fee: Check No: Receipt No:_ STATE OF DELAWARE OFFICE OF THE STATE BANK COMMISSIONER 555 EAST LOOCKERMAN STREET SUITE 210 DOVER, DELAWARE 19901 LICENSED LENDER APPLICATION (Chapter
1. General Information a. Agency/Board Name Notice of Intent to Adopt Rules Revised July 2014 b. Agency/Board Address c. City d. Zip Code e. Name of Contact Person f. Contact Telephone Number g. Contact
IC 28-1-29 Chapter 29. Debt Management Companies IC 28-1-29-0.5 Inapplicability; attorneys; depository financial institutions; third-party bill paying services Sec. 0.5. (a) This chapter does not apply
Chapter 21 Credit Services Organizations Act 13-21-1 Short title. This chapter is known as the "Credit Services Organizations Act." Enacted by Chapter 29, 1985 General Session 13-21-2 Definitions -- Exemptions.
Regular Session, 0 HOUSE BILL NO. BY REPRESENTATIVE PONTI Prefiled pursuant to Article III, Section (A)()(i) of the Constitution of Louisiana. FINANCIAL PLANNING: Provides relative to debt relief services
Source: http://www.lexisnexis.com/hottopics/tncode/ 47-30-101. Short title. This chapter shall be known and may be cited as the "Home Equity Conversion Mortgage Act." HISTORY: Acts 1993, ch. 410, 2. 47-30-102.
CHAPTER 2011-71 Committee Substitute for Committee Substitute for Senate Bill No. 1316 An act relating to loan processing; amending s. 494.001, F.S.; creating and revising definitions; deleting a redundant
STATE OF NEBRASKA DEPARTMENT OF INSURANCE 941 O STREET, SUITE 400 LINCOLN, NE 68508 Switchboard (402) 471-2201 Licensing Division (402) 471-4913 REQUIREMENTS AND PROCEDURE FOR OBTAINING A CORPORATE INSURANCE
1081. Short title Louisiana Revised Statutes Title 6 Banks and Banking Chapter 14. Residential Mortgage Brokers and Lenders Part I. General Provisions (Current through 2015 Regular Legislative Session)
Article 21. Surplus Lines Act. 58-21-1. Short title. This Article shall be known and may be cited as the "Surplus Lines Act". (1985, c. 688, s. 1.) 58-21-2. Relationship to other insurance laws. Unless
QUALIFICATIONS State of Nebraska Department of Insurance 941 O Street, Suite 400 Lincoln, NE 68508 REQUIREMENTS AND PROCEDURE FOR OBTAINING AN INSURANCE CONSULTANT S LICENSE RESIDENT AND NONRESIDENT 1.
DIVISION OF BANKING Cranston, Rhode Island 02920 TO: RE: Telephone (401) 462-9503 - Facsimile (401) 462-9532 LENDER, SMALL LOAN LENDER AND LOAN BROKER LICENSEES FINAL ANNUAL REPORT PLEASE READ ALL DOCUMENTS
Introduced Version HOUSE BILL No. 1473 DIGEST OF INTRODUCED BILL Citations Affected: IC 4-21.5-3-6; IC 23-2-5-3; IC 24-5-24.7; IC 24-4.5-1-202. Synopsis: Nonprofit facilitators of lending circle loans.
NEBRASKA MORTGAGE BANKER FREQUENTLY ASKED QUESTIONS Loan Originator Licensing Q. What are the requirements to obtain a mortgage loan originator license in Nebraska? A. In accordance with the requirements
June 10, 2010 2010 Legislative Amendments to the Indiana Code Relating to First Lien Mortgage Act (the Act ) Effective July 1, 2010 (except as otherwise indicated) Questions, Answers, and Administrative
Appraisal Management Company Registration Act 63 P.S. 457.21 457.31 (Current through 02/02/2012) (When referring to section numbers, use a truncated version of the number after the decimal point. For example,
STATE OF TENNESSEE DEPARTMENT OF COMMERCE AND INSURANCE SECURITIES DIVISION SUITE 680, 500 JAMES ROBERTSON PARKWAY NASHVILLE, TENNESSEE 37243-0575 615-741-2947 INVESTMENT ADVISER REGISTRATION AND NOTICE
STATE OF DELAWARE OFFICE OF THE STATE BANK COMMISSIONER 555 E. LOOCKERMAN STREET, SUITE 210 DOVER, DELAWARE 19901 RENEWAL APPLICATION FOR LICENSE UNDER CHAPTER 22 LICENSED LENDERS Website Address: 1. Name
Article 21. Reverse Mortgages. 53-255. Title. This Article shall be known and may be cited as the Reverse Mortgage Act. (1991, c. 546, s. 1; 1995, c. 115, s. 1.) 53-256. Purpose. It is the intent of the
The Official Website of the Office of Consumer Affairs & Business Regulation (OCABR) Mass.Gov Consumer Affairs and Business Regulation Home > Business > Banking Industry Services > Banking Legal Resources
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION H HOUSE BILL Short Title: Regulate Reverse Mortgages. (Public) Sponsors: Representatives Brubaker, Easterling, Hasty, Ligon, Lineberry, Privette, and Woodard.
I1 UNOFFICIAL COPY OF SENATE BILL 660 ENROLLED BILL -- Finance/Economic Matters -- (5lr2457) Introduced by Senator Astle Senators Astle and Exum Read and Examined by Proofreaders: Proofreader. Proofreader.
RULES OF TENNESSEE REGULATORY AUTHORITY CHAPTER 1220-04-11 TELEPHONE SOLICITATION REGULATIONS - DO NOT CALL REGISTER TABLE OF CONTENTS 1220-04-11-.01 Definitions 1220-04-11-.06 Public Education about the
May 28, 1997 Administrative Letter 1997-5 TO: RE: All Title Insurance Companies, Title Insurance Agencies, and Title Insurance Agents Licensed in Virginia Senate Bill No. 1104 (The Consumer Real Estate
STATE OF CONNECTICUT REGULATION of the DEPARTMENT OF CONSUMER PROTECTION (NAME OF AGENCY) Concerning APPRAISAL MANAGEMENT COMPANIES (SUBJECT MATTER OF REGULATION) (NEW) Section 1. The Regulations of Connecticut
PART 3 HEALTH CLUBS 47-18-301. Definitions. As used in this part, unless the context otherwise requires: (1) Buyer means a purchaser under a health club agreement; (2) Commissioner means the commissioner
STATE OF ARKANSAS APPRAISER LICENSING AND CERTIFICATION BOARD APPRAISAL MANAGEMENT COMPANY STATUTES 1 ARKANSAS APPRAISER LICENSING AND CERTIFICATION BOARD APPRAISAL MANAGEMENT COMPANY STATUTES SUBCHAPTER
CHAPTER 211 AN ACT concerning life insurance viatical settlements. BE IT ENACTED by the Senate and General Assembly of the State of New Jersey: C.17B:30A-1 Definitions relative to life insurance viatical
Chapter 16.---CONTRACTS AND PROMISES Article 1.---General Provisions K.S.A. 16-117. Credit agreements; definitions. As used in this act: (a) "Credit agreement" means an agreement by a financial institution
MORTGAGE LOAN ORIGINATOR LICENSING ACT Act 75 of 2009 AN ACT to provide for the licensing of mortgage loan originators; to regulate the business practices of mortgage loan originators; to establish certain
Chapter 11: Mortgage Brokers An * in the left margin indicates a change in the statute, rule or text since the last publication of the manual. I. Introduction * In 2003, the Department of Regulatory Agencies
1 AND MORTGAGE ADMINISTRATORS M-20.1 REG 1 The Mortgage Brokerages and Mortgage Administrators Regulations being Chapter M-20.1 Reg 1 (effective October 1, 2010) as amended by Saskatchewan Regulations,
Chapter 24 Title Lending Registration Act Part 1 General Provisions 7-24-101 Title. This chapter is known as the "Title Lending Registration Act." 7-24-102 Definitions. As used in this chapter: (1) "Nationwide
Agency 75 State Bank Commissioner Consumer and Mortgage Lending Division Editor s Note: The office of the consumer credit commissioner was abolished on July 1, 1999. Powers, duties and functions of the
Senate General Assembly File No. 133 February Session, 2004 Substitute Senate Bill No. 157 Senate, March 18, 2004 The Committee on Banks reported through SEN. FINCH of the 22nd Dist., Chairperson of the
SB49 Enrolled LRB9201970MWcd 1 AN ACT concerning home mortgages. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 1. Short title. This Act may be
STATE OF TENNESSEE DEPARTMENT OF COMMERCE AND INSURANCE BOARD FOR LICENSING CONTRACTORS 500 JAMES ROBERTSON PARKWAY NASHVILLE, TENNESSEE 37243 1150 TELEPHONE: 800 544 7693 OR (615) 741 1202 OR FACSIMILE
TrainingPro Colorado Ax5 Test Preparation: Colorado License Law and Regulation 2014 - Advanced Education Systems, LLC DBA TrainingPro ALL RIGHTS RESERVED. No part of this publication may be reproduced,
MORTGAGE PARTICIPATING LENDER AGREEMENT This Agreement, entered into this day of, by and between the South Dakota Housing Development Authority ( SDHDA ), 3060 East Elizabeth Street, Pierre, South Dakota,
Assembly Bill No. 344 CHAPTER 733 An act to amend Sections 4970, 4973, 4974, 4975, 4977, 4978, 4978.6, 4979, and 4979.7 of the Financial Code, as added by Assembly Bill 489 of the 2001-02 Regular Session,
NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES FIFTH AMENDMENT TO 11 NYCRR 20 (INSURANCE REGULATIONS 9, 18 and 29) BROKERS AND AGENTS GENERAL FIFTH AMENDMENT TO 11 NYCRR 29 (INSURANCE REGULATION 87) SPECIAL
Table of Contents State of Rhode Island and Providence Plantations DEPARTMENT OF BUSINESS REGULATION Division of Insurance 1511 Pontiac Avenue, Bldg. 69-2 Cranston, RI 02920 INSURANCE REGULATION 115 LIFE
LOAN INTEREST AND PROTECTION LAW Act of January 30, 1974 (P.L. 13, No. 6), as amended AN ACT Regulating agreements for the loan or use of money; establishing a maximum lawful interest rate in the Commonwealth;
Title 70D. Financial Institution Mortgage Financing Regulation Act Chapter 1 General Provisions 70D-1-101 Title. This title is known as the "Financial Institution Mortgage Financing Regulation Act." 70D-1-102
Title 33: PROPERTY Chapter 9: MORTGAGES OF REAL PROPERTY Table of Contents Subchapter 1. GENERAL PROVISIONS... 3 Section 501. FORMS... 3 Section 501-A. "POWER OF SALE"... 3 Section 502. ENTRY BY MORTGAGEE...
FOR OFFICE USE ONLY: Inv. Fee: Check No: Receipt No: STATE OF DELAWARE OFFICE OF THE STATE BANK COMMISSIONER 555 EAST LOOCKERMAN STREET SUITE 210 DOVER, DELAWARE 19901 SALE OF CHECKS,TRANSMISSION OF MONEY
PROPOSED REGULATION OF THE COMISSIONER OF MORTGAGE LENDING LCB File No. R091-10 NRS 645B MORTGAGE BROKERS EXPLANATION Matter in italics is new; matter in brackets [omitted material] is material to be omitted.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2015 HOUSE BILL 126 RATIFIED BILL AN ACT TO AUTHORIZE THE OFFICE OF THE COMMISSIONER OF BANKS TO IMPLEMENT A REGISTRATION SYSTEM FOR PERSONS ENGAGED EXCLUSIVELY
STATE OF OKLAHOMA nd Session of the rd Legislature () COMMITTEE SUBSTITUTE FOR HOUSE BILL NO. By: Quinn COMMITTEE SUBSTITUTE An Act relating to labor; amending 0 O.S., Section 00., which relates to renewal
LICENSING PROCEDURES FOR MANAGING GENERAL AGENTS TO OBTAIN AUTHORITY IN VIRGINIA October 2005 GENERAL INFORMATION The 1992 Virginia General Assembly passed legislation requiring the licensing of managing
GENERAL ASSEMBLY OF NORTH CAROLINA 1991 SESSION CHAPTER 546 HOUSE BILL 22 AN ACT TO REGULATE REVERSE MORTGAGES. The General Assembly of North Carolina enacts: Section 1. Chapter 53 of the General Statutes
FORM-SI-BOND SURETY BOND - SAMPLE FORM OKLAHOMA WORKERS COMPENSATION COMMISSION 1915 N. STILES AVENUE OKLAHOMA CITY, OK 73105 SURETY BOND OF SELF-INSURER OF WORKERS COMPENSATION IN THE MATTER OF THE PERMIT
I. HOW DOES PENNSYLVANIA REGULATE THE LICENSE AND ACTIVITIES OF PUBLIC ADJUSTERS AND PUBLIC ADJUSTER SOLICITORS? 63 P.S. 1601 et.seq. statutorily regulates the license and activities of public adjusters