(1) In this section the following words have the meanings indicated.
(2) "Mortgage lender" has the meaning stated in § 11-501 of this article.
(3) "Mortgage originator" has the meaning stated in § 11-601 of this article.
(b) Regulations.- The Commissioner may adopt and enforce regulations reasonably necessary to carry out the authority and responsibility of the office of Commissioner.
(c) Multistate automated licensing systems.-
(1) The Commissioner may participate in the establishment and implementation of a multistate automated licensing system for mortgage lenders and mortgage originators.
(2) To facilitate implementation of a multistate automated licensing system, the Commissioner may adopt regulations that waive or modify the requirements of Title 11, Subtitles 5 and 6 of this article.
(1) In this section the following words have the meanings indicated.
(2) "Mortgage lender" has the meaning stated in § 11-501 of this article.
(3) "Mortgage originator" has the meaning stated in § 11-601 of this article.
(b) Regulations.- The Commissioner may adopt and enforce regulations reasonably necessary to carry out the authority and responsibility of the office of Commissioner.
(c) Multistate automated licensing systems.-
(1) The Commissioner may participate in the establishment and implementation of a multistate automated licensing system for mortgage lenders and mortgage originators.
(2) To facilitate implementation of a multistate automated licensing system, the Commissioner may adopt regulations that waive or modify the requirements of Title 11, Subtitles 5 and 6 of this article.
(1) In this section the following words have the meanings indicated.
(2) "Mortgage lender" has the meaning stated in § 11-501 of this article.
(3) "Mortgage originator" has the meaning stated in § 11-601 of this article.
(b) Regulations.- The Commissioner may adopt and enforce regulations reasonably necessary to carry out the authority and responsibility of the office of Commissioner.
(c) Multistate automated licensing systems.-
(1) The Commissioner may participate in the establishment and implementation of a multistate automated licensing system for mortgage lenders and mortgage originators.
(2) To facilitate implementation of a multistate automated licensing system, the Commissioner may adopt regulations that waive or modify the requirements of Title 11, Subtitles 5 and 6 of this article.
