Chapter 645E - Mortgage Bankers
- DISCIPLINARY ACTION
- 645E.670 - Authorized disciplinary action; grounds for disciplinary action; orders imposing discipline deemed public records.
- 645E.680 - Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until 2 years after the date of the repeal of the f
- 645E.690 - Duty of Commissioner to take disciplinary action for certain violations.
- 645E.700 - Disciplinary proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license.
- ESCROW AND TRUST ACCOUNTS
- 645E.420 - Escrow account required for fee, salary, deposit or money paid in advance; release from escrow; exceptions; refunds; penalty.
- 645E.430 - Trust account required for money deposited to pay taxes or insurance premiums; fiduciary duty of mortgage banker; accounting to debtor and Commissioner; additional duties and prohibitions.
- 645E.440 - Limitations on execution or attachment of money in trust account; commingling of money prohibited.
- EXEMPTIONS
- 645E.150 - Exemptions for certain persons and entities.
- 645E.160 - Certificate of exemption required for certain persons and entities; application; fee; automatic expiration; prohibitions; administrative fines.
- 645E.170 - Exemptions for certain loans; application; grounds for granting exemption; powers and duties of Commissioner.
- EXPIRATION AND RENEWAL OF MORTGAGE BANKER’S LICENSE ORCERTIFICATE OF EXEMPTION; FEES
- GENERAL PROVISIONS
- 645E.010 - Definitions.
- 645E.020 - “Applicant” defined.
- 645E.030 - “Commercial mortgage loan” defined.
- 645E.040 - “Commercial property” defined.
- 645E.050 - “Commissioner” defined.
- 645E.060 - “Depository financial institution” defined.
- 645E.070 - “Division” defined.
- 645E.080 - “Institutional investor” defined.
- 645E.090 - “Licensee” defined.
- 645E.100 - “Mortgage banker” defined.
- 645E.130 - Statutory and common-law rights, remedies and punishments unaffected; limitation on actions against State and its officers and employees.
- HEARINGS; APPEALS
- INVESTIGATION OF VIOLATIONS AND UNSAFE PRACTICES; REMEDIALACTION
- 645E.620 - Authority of Commissioner when violation is suspected; referral of violations to district attorney for criminal prosecution; civil action for injunctive relief.
- 645E.630 - Authority of Commissioner when unsafe condition or practice is suspected; seizure of property and assets of mortgage banker; duties of Attorney General.
- 645E.640 - Persons entitled to correct unsafe conditions and practices; effect of failure to correct; receivership and liquidation of assets.
- LICENSING AS AND SUPERVISION OF MORTGAGE AGENTS
- 645E.290 - Licensure as mortgage agent required for certain persons who engage in activities as residential mortgage loan originator or who supervise mortgage agents who engage in such activities.
- 645E.291 - Supervision of mortgage agents by mortgage banker; requirements; regulations.
- 645E.292 - Duties of mortgage banker upon termination of mortgage agent.
- LICENSING OF MORTGAGE BANKERS
- 645E.200 - Application for license; application for branch offices; requirements for issuance of license; grounds for denial of license to partnership, corporation or unincorporated association; licen
- 645E.210 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective until the date of the repeal of the federal law req
- 645E.220 - Posting of license; restrictions on transfer or assignment of license.
- 645E.230 - Activities authorized by license; dual licensure as mortgage banker and mortgage broker.
- LOAN PAYMENTS
- MISCELLANEOUS PROVISIONS
- SUPERVISION BY COMMISSIONER
- UNLAWFUL ACTS; PENALTIES
- 645E.900 - Unlawful to conduct business of mortgage banker without being licensed or exempt from licensing.
- 645E.910 - Unlawful for foreign corporation, association or business trust to conduct business of mortgage banker without meeting certain requirements.
- 645E.920 - Contracts for mortgage transaction voidable for certain violations.
- 645E.930 - Civil action authorized for certain violations.
- 645E.950 - Penalties for general violations.
- 645E.955 - Restitution.
- 645E.960 - Penalties for violations relating to escrow or trust accounts.