32-9-102. License requirement -- registration. (1) Unless exempt under 32-9-104, a person may not regularly engage in the business of a mortgage broker, mortgage lender, mortgage servicer, or mortgage loan originator with respect to any residential mortgage loan unless licensed under the provisions of this part or registered through the NMLS with a unique identifier assigned.
     (2) A person regularly engaging in the business of a mortgage broker, mortgage lender, mortgage servicer, or mortgage loan originator under this part is required to be licensed through, registered with, and maintain a valid unique identifier issued by the NMLS.
     (3) A mortgage broker or mortgage lender may not employ or contract with any person required to be licensed under this part if the person is not licensed. (See part compiler's comment regarding contingent suspension.)

     History: En. Sec. 2, Ch. 516, L. 2003; amd. Sec. 1, Ch. 301, L. 2005; amd. Sec. 2, Ch. 321, L. 2009; amd. Sec. 5, Ch. 317, L. 2011; amd. Sec. 2, Ch. 125, L. 2013.