6-979

6-979. Principal place of business; branch
office license; change of address

A. Each licensed commercial mortgage banker shall designate and maintain a
principal place of business in this state to transact business. The license shall
specify the address of his principal place of business.

B. If a licensee wishes to maintain one or more locations in addition to a
principal place of business, the licensee shall first obtain a branch office license from
the superintendent and designate a person for each branch office to oversee the
operations of that office.

C. If the superintendent determines that the licensee is qualified, the
superintendent shall issue a branch office license indicating the address of the branch
office. The licensee shall conspicuously display the branch office license in the branch
office.

D. If the address of the principal place of business or of any branch office is
changed, the licensee shall immediately notify the superintendent of the change and the
superintendent shall endorse the change of address on the license.