45-732 License; term; renewal; minimum standards for renewal; fee; denial; appeal. - Nebraska Statutes

45-732. License; term; renewal; minimum standardsfor renewal; fee; denial; appeal.(1) All initial mortgage loan originator licenses shallremain in full force and effect until the next succeeding December 31. Mortgageloan originator licenses may be renewed annually by submitting to the directora request for renewal and any supplemental material as required by the director.The mortgage loan originator licensee shall certify that the information containedin the license application, as subsequently amended, that is on file withthe department, and the information contained in any supplemental materialpreviously provided to the department, remains true and correct.(2) The minimum standardsfor license renewal for mortgage loan originators shall include the following:(a) The mortgage loanoriginator continues to meet the minimum standards for license issuance undersubdivisions (1)(a) through (f) of section 45-729;(b) The mortgage loan originatorhas satisfied the annual continuing education requirements described in section 45-733; and(c)The mortgage loan originator has paid all required fees for renewal of thelicense.(3)For the annual renewal of a mortgage loan originator license, the fee shallbe one hundred twenty-five dollars, plus the cost of the criminal historybackground check required by the director and any processing fee allowed undersubsection (2) of section 45-748.(4) Except as provided in subsection (4) of section 45-734 and subsection (4) of section 45-742, should the director concludethat a mortgage loan originator does not meet the minimum standards for licenserenewal, the director shall deny the renewal application. A decision of thedirector denying a renewal of a mortgage loan originator license pursuantto the Residential Mortgage Licensing Act may be appealed. The appeal shallbe in accordance with the Administrative Procedure Act and the rules and regulationsadopted and promulgated by the department under the act. SourceLaws 2009, LB328, § 17. Cross ReferencesAdministrative Procedure Act, see section 84-920.