Section 58A.17 — Mortgage Call Reports.
58A.17 MORTGAGE CALL REPORTS. A mortgage licensee shall submit to the Nationwide Multistate Licensing System and Registry reports of condition, which must be in the form and contain the information the Nationwide Multistate Licensing System and Registry requires. History: 2010 c 347 art 4 s 18; 2018 c 104 s 3
Section 58A.18 — Report To Nationwide Multistate Licensing System And Registry.
58A.18 REPORT TO NATIONWIDE MULTISTATE LICENSING SYSTEM AND REGISTRY. The commissioner shall regularly report violations of this chapter, as well as enforcement actions and other relevant information, to the Nationwide Multistate Licensing System and Registry subject to the provisions contained in section 58A.14. History: 2010 c 347 art 4 s 19; 2018 c 104 s […]
Section 58A.20 — Unique Identifier Shown.
58A.20 UNIQUE IDENTIFIER SHOWN. The unique identifier of any person originating a residential mortgage loan shall be clearly shown on all residential mortgage loan application forms, solicitations, or advertisements, including business cards or websites, and any other documents as established by rule or order of the commissioner. History: 2010 c 347 art 4 s 20
Section 58A.22 — Incorporation By Reference.
58A.22 INCORPORATION BY REFERENCE. The final rules adopted by the United States Department of Housing and Urban Development under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, and subsequent amendments, are incorporated by reference. History: 2010 c 347 art 4 s 21
Section 58B.01 — Title.
58B.01 TITLE. This chapter may be cited as the “Student Loan Borrower Bill of Rights.” History: 1Sp2021 c 4 art 6 s 2
Section 58B.02 — Definitions.
58B.02 DEFINITIONS. Subdivision 1. Scope. For purposes of this chapter, the following terms have the meanings given them. Subd. 2. Borrower. “Borrower” means a resident of this state who has received or agreed to pay a student loan or a person who shares responsibility with a resident for repaying a student loan. Subd. 3. Commissioner. […]
Section 58B.03 — Licensing Of Student Loan Servicers.
58B.03 LICENSING OF STUDENT LOAN SERVICERS. Subdivision 1. License required. No person shall directly or indirectly act as a student loan servicer without first obtaining a license from the commissioner. Subd. 2. Exempt persons. The following persons are exempt from the requirements of this chapter: (1) a financial institution; (2) a person servicing student loans […]
Section 58A.045 — Term Of License And Fees.
58A.045 TERM OF LICENSE AND FEES. Subdivision 1. Term. Licenses for mortgage loan originators issued under this chapter expire on December 31 and are renewable on January 1 of each year after that date. Subd. 2. Fees. The following fees must be paid to the commissioner: (1) for a mortgage loan originator license, $90; and […]
Section 58A.05 — Issuance Of License.
58A.05 ISSUANCE OF LICENSE. The commissioner shall not issue a mortgage loan originator license unless the commissioner finds at a minimum, that: (1) the applicant has never had a mortgage loan originator license revoked in a governmental jurisdiction, except that a subsequent formal vacation of a revocation shall not be deemed a revocation; (2) the […]
Section 58A.06 — Prelicensing And Relicensing Education Of Loan Originators.
58A.06 PRELICENSING AND RELICENSING EDUCATION OF LOAN ORIGINATORS. Subdivision 1. Minimum educational requirements. In order to meet the prelicensing education requirement referred to in section 58A.05, clause (4), a person shall complete at least 20 hours of education approved according to subdivision 2, that includes at least: (1) three hours of federal law and regulations; […]