§ 378. Suspension, revocation, and enforcement
(a) The Banking Board may suspend or revoke the license of any licensee, if the licensee or any owner, director, officer, member, partner, stockholder, employee, or agent of the licensee, while acting on behalf of the licensee: (1) makes any material misstatement in an application for a license; (2) has been convicted of any crime […]
§ 379. Hearing procedures
(a) Before the Banking Board takes any action under section 377 or section 378 of this chapter, the Banking Board shall give the licensee an opportunity for a hearing. (b) The hearing notice to the licensee must be sent by certified mail, return receipt requested, to the principal place of business of the licensee at […]
§ 380. Limitation on name of mortgage business
A mortgage lender or mortgage broker may not do business under any trade name that misrepresents or tends to misrepresent that the mortgage lender is: (1) a bank, trust company, or savings bank; (2) a savings and loan association; (3) a credit union; or (4) an insurance company.
§ 366. Rejection of license application
(a) (1) If an applicant does not meet the requirements of section 363 of this chapter, the Banking Board shall: (A) immediately notify the applicant in writing of this fact; (B) return the bond filed; and (C) refund the license fee. (2) The Banking Board shall keep the investigation fee and application fee. (b) Within […]
§ 367. License expiration and renewal; annual fee
(a) A license expires an December 31 after its effective date, unless the license is renewed for a one year term as provided in this section. (b) Before a license expires, the licensee periodically may renew the license for additional one year terms, if the licensee; (1) otherwise is entitled to be licensed; (2) submits […]
§ 368. Change of place of business
(a) A licensee may not change the place of business for which a license is issued, unless the licensee: (1) notifies the Banking Board in writing of the proposed change; and (2) receives the written consent of the Banking Board. (b) The application for a change of place of business shall be approved, unless the […]
§ 369. Recordkeeping requirements
(a) Each licensee shall keep and make available to the Banking Board at the licensee’s place of business any books and records that the Banking Board, by regulation requires to enable the Banking Board to enforce this chapter and any regulation adopted under this chapter. (b) Each mortgage lender required to be licensed under this […]
§ 370. Annual report
(a) Each mortgage lender or mortgage broker required to be licensed under this chapter shall annually, on or before March 31, file a written report with the Banking Board containing such information as the Banking Board may require concerning the licensee’s operations during the preceding calendar year as to each licensed place of business. Reports […]
§ 371. Surrender of license
(a) A licensee may surrender a license by sending to the Banking Board the license and a written statement that the license is surrendered. (b) The surrender of a license does not affect any civil or criminal liability of a licensee for acts committed before the license was surrendered.
§ 372. Examinations and investigations
(a) The Banking Board or its designated agent shall examine the affairs, business, premises, and records of each licensee at least once in every three year period and at any other time the Banking Board reasonably considers necessary. (b) (1) Any person aggrieved by the conduct of a licensee under this chapter in connection with […]