9-2204.   Application for license for mortgagecompany; application for registration for loan originator; content.(a) Any person required to be licensed as a mortgagecompany pursuant to this act shallsubmit to the commissioner a separate application forthe principal place of business and each branchoffice on forms prescribedand provided by the commissioner. The application or applications shallcontain informationthe commissioner deems necessary to adequately identify:

      (1)   The nature of the mortgage business to beconducted, principal place of business address and each branch officeaddress;

      (2)   the identity, character and qualifications of an individual applicant;

      (3)   the identity, character and qualifications of the loan originators,owners, officers,directors, members, partners and employees of theapplicant;

      (4)   the name under which the applicant intends to conduct business; and

      (5)   other information the commissioner requires to evaluate the financialresponsibility and condition, character, qualifications andfitness of theapplicant and compliance with theprovisions of thisact.

      (b)   Any individual required to register as a loan originator pursuant tothisact shallsubmit to the commissioner an application for registration on forms prescribedand provided bythe commissioner. The application shall contain information the commissionerdeems necessaryto adequately identify the location where the individual engages in mortgagebusiness activities,the licensee for whom the registrant will conduct mortgage business and otherinformation thecommissioner requires to evaluate the condition, character, qualifications, andfitness of theapplicant and compliance with the provisions of this act.

      (c)   Each application shall beaccompanied by anonrefundable fee of not less than $50, which may beincreased by rules andregulations pursuant to K.S.A. 9-2209, and amendmentsthereto.

      (d)   An application shall beapproved, and a nonassignablelicense or registration shall be issued to theapplicant provided:

      (1)   The commissioner has received the complete application and fee requiredby this section;

      (2)   the commissioner determines the proposed name under which anapplicant for a mortgage company license intends to conduct business is notmisleading or otherwise deceptive; and

      (3)   the commissioner determines the financialresponsibility andcondition, character,qualifications and fitness of the applicant warrants a belief that the businessof the applicant will be conducted competently, honestly, fairly and inaccordance with all applicable state and federallaws.

      History:   L. 1996, ch. 175, § 4;L. 1999, ch. 45, § 4;L. 2000, ch. 17, § 1;L. 2001, ch. 88, § 5; Nov. 1.