2.Issuance of license; requirements; fees. An application for a license as an exchange facilitator must be in writing and filed with the administrator in the manner and form prescribed by the administrator. The administrator may require licensing through the nationwide mortgage licensing system and registry as defined in Title 9-A, section 13-102, subsection 8. The administrator is authorized to participate in the nationwide mortgage licensing system and registry. In all cases, whether licensing is through the nationwide mortgage licensing system and registry or otherwise, the administrator may establish, by rule, requirements for licensing, including but not limited to:
A. Background checks for: (1) Criminal history through fingerprint or other databases;(2) Civil or administrative records;(4) Any other information determined necessary by the nationwide mortgage licensing system and registry; [2021, c. 245, Pt. D, §5 (NEW).]B. The payment of fees to apply for or renew licenses, except that the fee for an initial application may not exceed $600 and for a renewal may not exceed $500. If licensing is through the nationwide mortgage licensing system and registry, an applicant must also pay a nationwide mortgage licensing system and registry processing fee in an amount to be determined by the administrators of the nationwide mortgage licensing system and registry. Renewal applications received after the due date are subject to an additional fee of $100; [2021, c. 245, Pt. D, §5 (NEW).]C. The setting or resetting as necessary of renewal or reporting dates; and [2021, c. 245, Pt. D, §5 (NEW).]D. Other requirements for application for, amendment of or revocation of a license or any other such activities as the administrator considers necessary. [2021, c. 245, Pt. D, §5 (NEW).] All funds received by the administrator under this chapter are appropriated for the use of the administrator, and any balance of the funds does not lapse but must be carried forward to be expended for the same purposes in the following fiscal year.
Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.
[2021, c. 245, Pt. D, §5 (AMD).]