Section 22109.6 Of Article 3. Licensing From California Financial Code >> Division 9. >> Chapter 1. >> Article 3.
22109.6
. 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. In order to carry out this
requirement, the commissioner is authorized to participate in the
Nationwide Mortgage Licensing System and Registry. For this purpose,
the commissioner may establish by rule, regulation, or order,
requirements as necessary, including, but not limited to, the
following:
(a) Background information for the following:
(1) Criminal history through fingerprint or other databases.
(2) Civil or administrative records.
(3) Credit history.
(4) Any other information as deemed necessary by the Nationwide
Mortgage Licensing System and Registry.
(b) The payment of fees to apply for or renew licenses through the
Nationwide Mortgage Licensing System and Registry.
(c) The setting or resetting as necessary of renewal or reporting
dates.
(d) Requirements for amending or surrendering a license or any
other activities as the commissioner deems necessary for
participation in the Nationwide Mortgage Licensing System and
Registry.