<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="11-604" title_number="11" title_name="Consumer Credit" subtitle_number="6" subtitle_name="Mortgage Loan Originators">
  <level label="a">
    <level label="1">
      <text>To apply for a license, an applicant shall:</text>
      <level label="i">
        <text>Complete, sign, and submit to the Commissioner an application made under oath in the form, and in accordance with the process, that the Commissioner requires; and</text>
      </level>
      <level label="ii">
        <text>Provide all information as requested by the Commissioner.</text>
      </level>
    </level>
    <level label="2">
      <text>The applicant shall comply with all conditions and provisions of the application for a license.</text>
    </level>
  </level>
  <level label="b">
    <text>With each application, the applicant shall pay to the Commissioner:</text>
    <level label="1">
      <text>A nonrefundable investigation fee set by the Commissioner; and</text>
    </level>
    <level label="2">
      <text>A nonrefundable license fee set by the Commissioner.</text>
    </level>
  </level>
  <level label="c">
    <text>In addition to the license fee required under subsection (b)(2) of this section, an applicant for an initial license shall pay to the Nationwide Multistate Licensing System any fees that the Nationwide Multistate Licensing System imposes in connection with the application.</text>
  </level>
  <level label="d">
    <text>In connection with an initial application for a license under this section and at any other time the Commissioner requests, an applicant or licensee shall provide to the Nationwide Multistate Licensing System information concerning the applicant’s identity, including:</text>
    <level label="1">
      <text>Fingerprints for submission to the Federal Bureau of Investigation, and any other governmental agency or entity authorized to receive this information for a state, national, or international criminal history background check; and</text>
    </level>
    <level label="2">
      <text>Personal history and experience in a form prescribed by the Nationwide Multistate Licensing System, including the submission of authorization for the Nationwide Multistate Licensing System and the Commissioner to obtain:</text>
      <level label="i">
        <text>An independent credit report from a consumer reporting agency described in the federal Fair Credit Reporting Act, 15 U.S.C. § 1681a(p); and</text>
      </level>
      <level label="ii">
        <text>Information related to any administrative, civil, or criminal findings by any governmental jurisdiction.</text>
      </level>
    </level>
  </level>
  <level label="e">
    <text>To implement this subtitle, the Commissioner may use the Nationwide Multistate Licensing System as a channeling agent to request information from and distribute information to the Department of Justice, any other governmental agency with subject matter jurisdiction, and any other state licensing entity that has loan originators registered with the Nationwide Multistate Licensing System.</text>
  </level>
  <level label="f">
    <text>An applicant or licensee who is required to provide fingerprints under subsection (d) of this section shall pay any processing or other fees required by the Federal Bureau of Investigation and the Nationwide Multistate Licensing System.</text>
  </level>
  <level label="g">
    <text>The Commissioner may request from the Federal Bureau of Investigation or the Nationwide Multistate Licensing System, as applicable, for each applicant or licensee who is required to provide fingerprints under subsection (d) of this section:</text>
    <level label="1">
      <level label="i">
        <text>The state, national, or international criminal history records of the applicant or licensee; and</text>
      </level>
      <level label="ii">
        <text>A printed statement listing any conviction or other disposition of, and any plea of guilty or nolo contendere to, any criminal charge;</text>
      </level>
    </level>
    <level label="2">
      <level label="i">
        <text>An update of the initial criminal history records check or criminal history background check of the applicant or licensee; and</text>
      </level>
      <level label="ii">
        <text>A revised statement listing any conviction or other disposition of, and any plea of guilty or nolo contendere to, any criminal charge occurring after the date of the initial criminal history records check or criminal history background check; and</text>
      </level>
    </level>
    <level label="3">
      <text>An acknowledged receipt of the application for a criminal history records check or criminal history background check of the applicant or licensee.</text>
    </level>
  </level>
</section>
