6-991.06. Loan originator examination committee; membership

A. The superintendent shall establish a loan originator examination committee to establish and periodically update standards for passing an examination for loan originators.

B. The committee shall consist of five members who are appointed by the superintendent. The members shall serve staggered two year terms. Four of the members shall be mortgage broker licensees and shall be appointed from nominations submitted by mortgage broker licensees. One of the members shall be an employee of the department. The committee shall elect a chairperson.

C. Licensees who serve as members of the committee shall not receive compensation.

6-991.06. Loan originator examination committee; membership

A. The superintendent shall establish a loan originator examination committee to establish and periodically update standards for passing an examination for loan originators.

B. The committee shall consist of five members who are appointed by the superintendent. The members shall serve staggered two year terms. Four of the members shall be mortgage broker licensees and shall be appointed from nominations submitted by mortgage broker licensees. One of the members shall be an employee of the department. The committee shall elect a chairperson.

C. Licensees who serve as members of the committee shall not receive compensation.