2011 Vermont Code
Title 08 Banking and Insurance
Chapter 85 LOAN SERVICERS
§ 2902 Application for license; license and investigation fee

§ 2902. Application for license; license and investigation fee

(a) Application for a license shall be in writing, under oath, and in the form prescribed by the commissioner, and shall contain the name and the address of the residence and place of business of the applicant, and if the applicant is a partnership or association, of every member thereof, and if a corporation, of each officer, director, and control person thereof; also the county and municipality with street and number, if any, where the business is to be conducted and such further information as the commissioner may require.

(b) At the time of making application, the applicant shall pay to the commissioner a $1,000.00 fee for investigating the application and a $1,000.00 license fee for a period terminating on the last day of the current calendar year.

(c) In connection with an application for a license, the applicant and each officer, director, and control person of the applicant shall furnish to the commissioner information concerning the applicant's identity, including:

(1) Fingerprints for submission to the Federal Bureau of Investigation, and any governmental agency or entity authorized to receive such information for a state, national, and international criminal history background check.

(2) Personal history and experience in a form prescribed by the commissioner, including the submission of authorization for the Nationwide Mortgage Licensing System and Registry and the commissioner to obtain information related to any administrative, civil, or criminal findings by any governmental jurisdiction.

(3) Any other information required by the Nationwide Mortgage Licensing System and Registry or the commissioner. (Added 2009, No. 96 (Adj. Sess.), { 1, eff. Jan. 1, 2011.)