A mortgage loan originator may challenge information entered
into the NMLS by the superintendent by filing a dispute with the superintendent
outlining the grounds for the dispute. The grounds for the dispute shall be
limited to a review of the factual accuracy of the information regarding the
mortgage loan originator's own license record submitted to the NMLS by the
superintendent. A mortgage loan originator may not file a dispute in order to
protest a disciplinary action taken by the superintendent or to appeal the
underlying reasons for the disciplinary action. The superintendent shall
conduct a paper review of the dispute and determine whether the information
submitted to the NMLS was factually correct. The superintendent shall notify
the mortgage loan originator of the determination within 60 days of the receipt
of the dispute. If the superintendent determines the information submitted to
the NMLS is factually incorrect, the superintendent shall take prompt steps to
correct the information submitted.
Notes
Iowa Admin. Code r. 187-19.11
ARC 8239B, IAB 10/21/09,
effective 11/25/09
Amended by
IAB
May 24, 2017/Volume XXXIX, Number 24, effective
7/1/2017
