9-2204.Application for license for mortgage
company; application for registration for loan originator; content.
(a) Any person required to be licensed as a mortgage
company pursuant to this act shall
submit to the commissioner a separate application for
the principal place of business and each branch
office on forms prescribed
and provided by the commissioner. The application or applications shall
contain information
the commissioner deems necessary to adequately identify:
(1) The nature of the mortgage business to be
conducted, principal place of business address and each branch office
address;
(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 the
applicant;
(4) the name under which the applicant intends to conduct business; and
(5) other information the commissioner requires to evaluate the financial
responsibility and condition, character, qualifications and
fitness of the
applicant and compliance with the
provisions of this
act.
(b) Any individual required to register as a loan originator pursuant to
this
act shall
submit to the commissioner an application for registration on forms prescribed
and provided by
the commissioner. The application shall contain information the commissioner
deems necessary
to adequately identify the location where the individual engages in mortgage
business activities,
the licensee for whom the registrant will conduct mortgage business and other
information the
commissioner requires to evaluate the condition, character, qualifications, and
fitness of the
applicant and compliance with the provisions of this act.
(c) Each application shall be
accompanied by a
nonrefundable fee of not less than $50, which may be
increased by rules and
regulations pursuant to K.S.A. 9-2209, and amendments
thereto.
(d) An application shall be
approved, and a nonassignable
license or registration shall be issued to the
applicant provided:
(1) The commissioner has received the complete application and fee required
by this section;
(2) the commissioner determines the proposed name under which an
applicant for a mortgage company license intends to conduct business is not
misleading or otherwise deceptive; and
(3) the commissioner determines the financial
responsibility and
condition, character,
qualifications and fitness of the applicant warrants a belief that the business
of the applicant will be conducted competently, honestly, fairly and in
accordance with all applicable state and federal
laws.
History: L. 1996, ch. 175, § 4;
L. 1999, ch. 45, § 4;
L. 2000, ch. 17, § 1;
L. 2001, ch. 88, § 5; Nov. 1.
9-2204.Application for license for mortgage
company; application for registration for loan originator; content.
(a) Any person required to be licensed as a mortgage
company pursuant to this act shall
submit to the commissioner a separate application for
the principal place of business and each branch
office on forms prescribed
and provided by the commissioner. The application or applications shall
contain information
the commissioner deems necessary to adequately identify:
(1) The nature of the mortgage business to be
conducted, principal place of business address and each branch office
address;
(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 the
applicant;
(4) the name under which the applicant intends to conduct business; and
(5) other information the commissioner requires to evaluate the financial
responsibility and condition, character, qualifications and
fitness of the
applicant and compliance with the
provisions of this
act.
(b) Any individual required to register as a loan originator pursuant to
this
act shall
submit to the commissioner an application for registration on forms prescribed
and provided by
the commissioner. The application shall contain information the commissioner
deems necessary
to adequately identify the location where the individual engages in mortgage
business activities,
the licensee for whom the registrant will conduct mortgage business and other
information the
commissioner requires to evaluate the condition, character, qualifications, and
fitness of the
applicant and compliance with the provisions of this act.
(c) Each application shall be
accompanied by a
nonrefundable fee of not less than $50, which may be
increased by rules and
regulations pursuant to K.S.A. 9-2209, and amendments
thereto.
(d) An application shall be
approved, and a nonassignable
license or registration shall be issued to the
applicant provided:
(1) The commissioner has received the complete application and fee required
by this section;
(2) the commissioner determines the proposed name under which an
applicant for a mortgage company license intends to conduct business is not
misleading or otherwise deceptive; and
(3) the commissioner determines the financial
responsibility and
condition, character,
qualifications and fitness of the applicant warrants a belief that the business
of the applicant will be conducted competently, honestly, fairly and in
accordance with all applicable state and federal
laws.
History: L. 1996, ch. 175, § 4;
L. 1999, ch. 45, § 4;
L. 2000, ch. 17, § 1;
L. 2001, ch. 88, § 5; Nov. 1.
9-2204.Application for license for mortgage
company; application for registration for loan originator; content.
(a) Any person required to be licensed as a mortgage
company pursuant to this act shall
submit to the commissioner a separate application for
the principal place of business and each branch
office on forms prescribed
and provided by the commissioner. The application or applications shall
contain information
the commissioner deems necessary to adequately identify:
(1) The nature of the mortgage business to be
conducted, principal place of business address and each branch office
address;
(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 the
applicant;
(4) the name under which the applicant intends to conduct business; and
(5) other information the commissioner requires to evaluate the financial
responsibility and condition, character, qualifications and
fitness of the
applicant and compliance with the
provisions of this
act.
(b) Any individual required to register as a loan originator pursuant to
this
act shall
submit to the commissioner an application for registration on forms prescribed
and provided by
the commissioner. The application shall contain information the commissioner
deems necessary
to adequately identify the location where the individual engages in mortgage
business activities,
the licensee for whom the registrant will conduct mortgage business and other
information the
commissioner requires to evaluate the condition, character, qualifications, and
fitness of the
applicant and compliance with the provisions of this act.
(c) Each application shall be
accompanied by a
nonrefundable fee of not less than $50, which may be
increased by rules and
regulations pursuant to K.S.A. 9-2209, and amendments
thereto.
(d) An application shall be
approved, and a nonassignable
license or registration shall be issued to the
applicant provided:
(1) The commissioner has received the complete application and fee required
by this section;
(2) the commissioner determines the proposed name under which an
applicant for a mortgage company license intends to conduct business is not
misleading or otherwise deceptive; and
(3) the commissioner determines the financial
responsibility and
condition, character,
qualifications and fitness of the applicant warrants a belief that the business
of the applicant will be conducted competently, honestly, fairly and in
accordance with all applicable state and federal
laws.
History: L. 1996, ch. 175, § 4;
L. 1999, ch. 45, § 4;
L. 2000, ch. 17, § 1;
L. 2001, ch. 88, § 5; Nov. 1.