6-949. Conversion to mortgage broker
license
Notwithstanding any other law, a licensee who funds in the aggregate one hundred
fifty or fewer loans in the immediately preceding calendar year may apply at the time of
license renewal to the department for a conversion to a mortgage broker license issued
pursuant to article 1 of this chapter. The conversion application shall be in a manner
prescribed by the superintendent by rule. The approval of the conversion is at the
discretion of the superintendent.
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