[§454F-3]  Requirement of licensure.  Effective
August 1, 2010, or such later date approved by the United States Department of
Housing and Urban Development pursuant to the authority granted under Public
Law 110-289, Section 1508(e), an individual, unless specifically exempted from
this chapter, shall not engage in the business of a mortgage loan originator
with respect to any dwelling located in this State without first obtaining and
maintaining annually, a license under this chapter.  Each licensed mortgage
loan originator shall register with and maintain a valid unique identifier
issued by the Nationwide Mortgage Licensing System, and shall submit to the Nationwide
Mortgage Licensing System any reports that shall be in a form and contain
information as the Nationwide Mortgage Licensing System may require. [L Sp
2009, c 32, pt of §2]