45-5-203 - Expiration of registration certificates Renewal Fees Evidence that surety bond adjusted Continuing education and testing. - Tennessee Statutes

45-5-203. Expiration of registration certificates Renewal Fees Evidence that surety bond adjusted Continuing education and testing.

(a)  A certificate of registration shall expire on July 1. Each certificate of registration may be renewed upon application by the registrant showing continued compliance with the requirements of § 45-5-201, and payment of an annual registration fee of three hundred twenty-five dollars ($325). The completed renewal application and payment of the annual registration fee shall be sent to the department on or before June 1 of each year.

(b)  As a condition of renewal of a certificate of registration for a registrant that makes or proposes to make residential mortgage loans, the registrant shall file with its renewal application evidence that its surety bond is adjusted in accordance with § 45-5-202(c).

(c)  As a condition of renewal of a certificate of registration for a registrant that makes or proposes to make residential mortgage loans, the commissioner may adopt rules to require that any of the individuals identified pursuant to § 45-5-202(e) successfully complete continuing education course requirements. The rules pertaining to continuing education requirements, as well as those pertaining to any testing or education requirements, or both, under § 45-5-202, may include criteria for content, accreditation of sponsors and programs, computation of credit, special cases and exemptions, general compliance procedures and sanctions for noncompliance.

[Acts 1979, ch. 204, § 6; T.C.A., § 45-2006; Acts 1984, ch. 698, § 2; 2001, ch. 165, § 5; 2009, ch. 499, § 5.]