6-974. Application for license; issuance or
denial; fees
A. A person shall apply for a license or for a renewal of a license in writing on
the forms, in the manner and accompanied by the information prescribed by the
superintendent. The superintendent may require additional information on the experience,
background, honesty, truthfulness, integrity and competency of the applicant and any
responsible individual designated by the applicant. If the applicant is a person other
than a natural person, the superintendent may require this information as to the honesty,
truthfulness, integrity and competency of any officer, director, shareholder, member,
partner, trustee, employee or other interested party of the firm, association or
corporation.
B. The superintendent, on determining that the applicant is qualified, shall issue
a commercial mortgage banker's license to the applicant that is evidenced by a continuous
certificate. The superintendent shall grant or deny a license within one hundred twenty
days after receiving the completed application. An applicant who has been denied a
license may not reapply for a license before one year after the date of the previous
application.
C. The nonrefundable application fee and annual renewal fee are as prescribed by
the superintendent. Application fees and annual renewal fees shall be based upon the
cost to the department to process the application and regulate licensees. The
nonrefundable application fee shall accompany each application for an original license
only. The superintendent shall deposit, pursuant to sections 35-146 and 35-147, the
monies in the state general fund.
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