Cal. Code Regs. Tit. 10, § 2758.4 - Fees

Current through Register 2022 Notice Reg. No. 16, April 25, 2022

The fee to obtain and maintain a mortgage loan originator license endorsement shall consist of a processing fee charged by the Nationwide Mortgage Licensing System and Registry and an annual license endorsement fee charged by the Bureau. The annual license endorsement fee is $300. Fees submitted to obtain a license endorsement are deemed earned upon receipt.

A licensee who applies for a mortgage loan originator license endorsement during 2010 shall pay a fee of $300, which will be for the licensee's 2011 license endorsement. A licensee who makes his or her original application for a license endorsement in 2011 or later shall pay a fee of $300 for the year in which the licensee applies, except that a license endorsement application approved after October 31 of a given year will be valid until December 31 of the following year.

A licensee who holds a mortgage loan originator license endorsement may apply to renew the license endorsement in November and December for the following calendar year. The license endorsement renewal application is entered via the Nationwide Mortgage Licensing System and Registry, and the license endorsement fee for the renewal shall be paid to the Nationwide Mortgage Licensing System and Registry during the November/December processing period.

Notes

Cal. Code Regs. Tit. 10, § 2758.4

Note: Authority cited: Sections 10080 and 10166.17, Business and Professions Code. Reference: Section 10166.17(b), Business and Professions Code.

1. New section filed 2-23-2010 as an emergency; operative 2-23-2010 (Register 2010, No. 9). A Certificate of Compliance must be transmitted to OAL by 8-23-2010 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 2-23-2010 order transmitted to OAL 5-6-2010 and filed 6-29-2010 (Register 2010, No. 27).
3. Change without regulatory effect amending first paragraph filed 6-30-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 27).

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