Rule 80-11-5-.07 - Information on the Nationwide Multistate Licensing System and Registry(1) It shall be the sole responsibility of each mortgage loan originator applicant and licensee to keep current at all times his or her information on the Nationwide Multistate Licensing System and Registry ("NMLSR"), including, but not limited to, his or her employment history, e-mail address, telephone numbers, facsimile number, and residential history. Amendments to any information on file with the NMLSR must be made by the applicant or licensee within ten (10) business days of the date of the event necessitating the change. The Department shall have no responsibility for any communication not received by an applicant or licensee due to his or her failure to maintain current contact information on the Nationwide Multistate Licensing System and Registry as required.(2) Amendments to any responses to disclosure questions on a mortgage loan originator applicant or licensee's NMLSR MU-4 must be made within ten (10) business days following the date of the event necessitating the change. Failure by an applicant for a mortgage loan originator's license to timely update the applicant's MU-4 may result in the denial or administrative withdrawal of his or her license application. In the case of a licensed mortgage loan originator, failure to timely update any disclosure information on the NMLSR MU-4 may result in the revocation of his or her license.Ga. Comp. R. & Regs. R. 80-11-5-.07
O.C.G.A. §§ 7-1-61, 7-1-1003, 7-1-1004.
Original Rule entitled "Information on the Nationwide Licensing System and Registry" adopted. F. Aug. 2, 2011; eff. Aug. 22, 2011.Amended: F. Nov. 7, 2013; eff. Nov. 27, 2013.Amended: New title "Information on the Nationwide Multistate Licensing System and Registry." F. June 20, 2016; eff. July 10, 2016.