Section 1322.07 - Requirement to obtain certificate of registration or license(A)(1) No person, on the person's own behalf or on behalf of any other person, shall engage in the transaction of business as a mortgage lender, mortgage servicer, or mortgage broker in this state without first having obtained a certificate of registration from the superintendent of financial institutions for the principal office and every branch office to be maintained by the person for the transaction of business as a mortgage lender, mortgage servicer, or mortgage broker in this state.(2) A registrant shall maintain an office location for the transaction of business as a mortgage lender, mortgage servicer, or mortgage broker in any state of the United States. Registrants are not required to maintain a physical location in this state.(B)(1) No individual shall act as a mortgage loan originator without first having obtained a license from the superintendent. A mortgage loan originator shall be employed by or associated with a registrant or entity holding a valid letter of exemption under this chapter, but shall not be employed by or associated with more than one registrant or entity holding a valid letter of exemption under this chapter at any one time.(2) An individual acting under the individual's authority as a registered mortgage loan originator shall not be required to be licensed under division (B)(1) of this section.Amended by 134th General Assembly, HB 133,§1, eff. 9/1/2021.Amended by 132nd General Assembly, HB 489,§1, eff. 3/20/2019.Renumbered from § 1322.02 by 132nd General Assembly, HB 199,§1, eff. 3/23/2018.Amended by 129th General Assembly, SB 333, §1, eff. 3/22/2013.Amended by 128th General Assembly, SB 124, §1, eff. 12/28/2009.Amended by 128th General Assembly, HB 1, §101.01, eff. 10/16/2009.Effective Date: 05-02-2002; 01-01-2007 See 128th General Assembly, SB 124, §5. See 128th General Assembly, HB 1, §745.60.