West Virginia Code § 31-17A-10

Authority to require license
Open in Lexace · Ask the AI about this section
In addition to any other duties imposed upon the commissioner by law, the commissioner
shall require mortgage loan originators to be licensed and registered through the
Nationwide Mortgage Licensing System and Registry. The commissioner is authorized to
participate in the Nationwide Mortgage Licensing System and Registry to carry out this
requirement. The commissioner may establish requirements as necessary, inecluding, but not
limited to:
(1) Background checks for:
(A) Criminal history through fingerprint or other databases;
(B) Civil or administrative records;
(C) Credit history; or
(D) Any other information as deemed necessary by the Nationwide Mortgage Licensing
System and Registry.
(2) The payment of fees to apply for or renew licenses through the Nationwide Mortgage
Licensing System and Registry;
(3) The setting or resetting as enecessary of renewal or reporting dates;
(4) Requirements for amLending or surrendering a license; and
(5) Any other activities the commissioner deems necessary for participation in the
Nationwide Mortgage Licensing System and Registry.

‹ Prev All West Virginia sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.