§1088.2. Application for licensure; application and renewal fees
A. The application shall be accompanied by the following nonrefundable fees as determined by and paid as directed by the commissioner:
(1) In the case of an application for a license to act as a mortgage lender, mortgage broker, mortgage servicer, or combination of any, a license fee in an amount not to exceed five hundred dollars.
(2) In the case of an application for a license to act as an originator, a license fee in an amount not to exceed two hundred dollars.
(3) An annual license renewal fee for each person licensed as a mortgage broker, mortgage lender, or mortgage servicer in an amount not to exceed four hundred dollars.
(4) An annual license renewal fee for each originator in an amount not to exceed two hundred dollars.
B. If the applicant has multiple office locations, all such locations may be covered by a single license by including in the license application the address of each office operated by the applicant and the name and license number of the individual licensees engaging in residential mortgage lending activities at that location.
Acts 2009, No. 522, §1, eff. July 31, 2009; Acts 2014, No. 260, §1, eff. June 30, 2014; Acts 2015, No. 324, §1.
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