Minnesota § 58A.08 STANDARDS FOR LICENSE RENEWAL

Minnesota Statutes

§ 58A.08 — STANDARDS FOR LICENSE RENEWAL

Minnesota § 58A.08

PartBANKING

Ch. 58AINDIVIDUAL MORTGAGE ORIGINATOR LICENSING

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Bluebook

Minn. Stat. § 58A.08 (2026).

Text

Subdivision 1.Generally. The minimum standards for license renewal for a mortgage loan originator include that the mortgage loan originator:

(1)continues to meet the minimum standards for license issuance under section58A.05;

(2)has satisfied the annual continuing education requirements described in section58A.09; and

(3)has paid all required fees for renewal of the license. Subd. 2.Failure to satisfy minimum standards of license renewal. The license of a mortgage loan originator failing to satisfy the minimum standards for license renewal expires. The commissioner may adopt procedures for the reinstatement of expired licenses consistent with the standards established by the Nationwide Multistate Licensing System and Registry.

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Subdivision 1.Generally.
The minimum standards for license renewal for a mortgage loan originator include that the mortgage loan originator:
(1) continues to meet the minimum standards for license issuance under section58A.05;
(2) has satisfied the annual continuing education requirements described in section58A.09; and
(3) has paid all required fees for renewal of the license.

Subd. 2.Failure to satisfy minimum standards of license renewal.
The license of a mortgage loan originator failing to satisfy the minimum standards for license renewal expires. The commissioner may adopt procedures for the reinstatement of expired licenses consistent with the standards established by the Nationwide Multistate Licensing System and Registry.