32-9-109. Experience requirements. (1) Except as provided in 32-9-111:
     (a) an individual applying for a license as a mortgage broker must have a minimum of 3 years of experience working as a loan originator, as a mortgage banker, or in a related field; and
     (b) an individual applying for a license as a loan originator must have a minimum of 6 months of experience working in a related field.
     (2) The department shall by rule establish what constitutes work in a related field.

     History: En. Sec. 6, Ch. 516, L. 2003; amd. Sec. 3, Ch. 301, L. 2005.