3 CRR-NY SP MB 107.4NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 3. BANKING
SUPERVISORY POLICIES AND PROCEDURES
MB. MORTGAGE BANKS
107. APPLICATION FOR INITIAL LICENSE AS A MORTGAGE LOAN ORIGINATOR; REQUEST FOR RENEWAL OF LICENSE
3 CRR-NY Sup. Proc. MB 107.4
3 CRR-NY SP MB 107.4
107.4 Requirements for renewal.
(a) Submission date.
A completed request for renewal shall be submitted according to the schedule determined by the superintendent and available at the department's website (www.dfs.ny.gov).
(b) Requirements for renewal.
A completed request for renewal shall consist of the following:
(1) The renewal request form, which shall be attested to by the licensed MLO and submitted electronically to the Department of Financial Services through the NMLS. The information provided shall be accurate as of the date of such renewal.
(2) The annual license fee, which shall be submitted electronically together with the renewal request form, in the amount and paid by a method specified on the department's website (www.dfs.ny.gov).
(3) Such additional information and documents as may be prescribed by the superintendent and listed at the department's website (www.dfs.ny.gov).
(c) Additional information and in-person conferences.
The superintendent reserves the right to acquire additional information in connection with the request for renewal. In the absence of a showing of undue hardship, the superintendent may also require that the MLO requesting renewal and any officers, directors and/or representatives of the originating entity with which such MLO is employed or affiliated appear at the department to present such information. The MLO may submit any additional information he or she deems pertinent to the request for renewal.
3 CRR-NY SP MB 107.4
Current through March 31, 2022
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.