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Financial Institution Mortgage Financing Regulation Act | |
Financial Institution Loan Originator Licensing Act | |
Section 204 | Renewal of license. |
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70D-3-204. Renewal of license. (1) A license issued under this chapter expires on December 31 of each year. (2) To qualify to renew a license under this chapter an individual shall: (a) meet the requirements of Section 70D-3-202; and (b) complete the annual continuing education requirements of Section 70D-3-303. (3) To renew a license under this chapter an individual shall: (a) file an application with the commissioner in a form prescribed by the commissioner in rule; (b) demonstrate that the individual continues to meet the requirements related to the nationwide database under 12 U.S.C. Sec. 5104; (c) demonstrate completion of the continuing education requirements; and (d) notwithstanding the requirements applicable to a regulatory fee under Section 63J-1-504, pay a fee of $100.
Enacted by Chapter 72, 2009 General Session |
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