North Dakota Statutes

§ 13-10-10 — Authority to require license

North Dakota·Title 13 Debtor and Creditor Relationship·Ch. 13-10 Mortgage Loan Originators

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. To carry out this requirement, the commissioner may participate in the nationwide mortgage licensing system and registry. For this purpose, the commissioner may establish by rule requirements as necessary, including:

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;

Free access — add to your briefcase to read the full text and ask questions with AI

North Dakota § 13-10-10 (Authority to require license) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗