|
5-26-14
Section 5-26-14 Surety bond required. (1) Coverage, form and regulations. Each mortgage loan
originator shall be covered by a surety bond in accordance with this section. In the event
that the mortgage loan originator is an employee or exclusive agent of a person subject to
the Alabama Consumer Credit Act or Mortgage Brokers Licensing Act, the surety bond of such
person subject to the Alabama Consumer Credit Act or Mortgage Brokers Licensing Act can be
used in lieu of the mortgage loan originator's surety bond requirement. (a) The surety bond
shall provide coverage for each mortgage loan originator in an amount as prescribed in subsection
(2). (b) The surety bond shall be in a form as prescribed by the supervisor. (c) The supervisor
may promulgate rules or regulations with respect to the requirements for such surety bonds
as are necessary to accomplish the purposes of this chapter. (2) Penal sum of surety bond.
The penal sum of the surety bond shall be maintained in an amount that...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-26-14.htm - 1K - Match Info - Similar pages
5-26-11
Section 5-26-11 Authority to require license. In addition to any other duties imposed upon
the supervisor by law, the supervisor shall require mortgage loan originators to be licensed
and registered through the Nationwide Mortgage Licensing System and Registry. In order to
carry out this requirement the supervisor is authorized to participate in the Nationwide Mortgage
Licensing System and Registry. For this purpose, the supervisor may establish by rule/regulation
or order requirements as necessary, including but not limited to: (1) BACKGROUND CHECKS. Background
checks for: (a) Criminal history through fingerprint or other databases; (b) Civil or administrative
records; (c) Credit history; or (d) Any other information as deemed necessary by the Nationwide
Mortgage Licensing System and Registry. (2) FEES. The payment of fees to apply for or renew
licenses through the Nationwide Mortgage Licensing System and Registry; (3) SETTING DATES.
The setting or resetting as necessary of renewal or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-26-11.htm - 1K - Match Info - Similar pages
5-25-14
Section 5-25-14 Denial, suspension, or revocation of license. (a) The department may suspend
or revoke a license on any ground on which it might refuse to issue an original license, or
for a violation of any provision of this chapter or any rule or regulation issued under this
chapter or for failure of the licensee to pay, within 30 days after it becomes final and nonappealable,
a judgment recovered in any court within this state by a claimant or creditor in an action
arising out of the licensee's business in this state as a mortgage broker. In these actions,
the hearing and appeal procedures provided for in those sections shall be the only procedures
required under this chapter. (b) Notice of the department's intention to enter an order denying
an application for a license under this chapter or of an order suspending or revoking a license
under this chapter shall be given to the applicant or licensee in writing, sent by registered
or certified mail addressed to the principal place of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-25-14.htm - 2K - Match Info - Similar pages
5-18A-6
Section 5-18A-6 License - Fees; financial statement. Each application for a license shall be
accompanied by all of the following: (1) A nonrefundable license fee of five hundred dollars
($500) for each location, office, or branch at which the applicant conducts business. The
license fees are subject to increase by the supervisor through regulation. (2) A nonrefundable
application investigation fee of one hundred dollars ($100). (3) A financial statement meeting
the requirements of subdivision (1) of subsection (a) of Section 5-18A-4. (Act 2003-359, p.
992, ยง6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-18A-6.htm - 903 bytes - Match Info - Similar pages
34-25B-18
Section 34-25B-18 Suspension, revocation, etc., of license; penalties. (a) The board may suspend,
revoke, or refuse to issue or renew any license issued by it upon finding that the holder
or applicant has committed any of the following acts: (1) A violation of this chapter or any
rule promulgated pursuant to this chapter. (2) Fraud, deceit, or misrepresentation regarding
an application or license. (3) Knowingly and willfully making a material misstatement in connection
with an application for a license or renewal. (4) A conviction by a court of competent jurisdiction
of a felony. (5) A conviction by a court of competent jurisdiction of a Class A misdemeanor,
if the board finds that the conviction reflects unfavorably on the fitness of the person for
the license. (6) The commission of any act which would have been cause for refusal to issue
the license or identification card had it existed and been known to the board at the time
of issuance. (b) In addition to, or in lieu of, any other...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-25B-18.htm - 1K - Match Info - Similar pages
15-13-215
Section 15-13-215 Suspension, revocation, etc., of license; renewal of suspended license. (a)
The board may suspend, revoke, or refuse to issue or renew any license issued by it upon finding
that the holder or applicant has committed any of the following acts: (1) A violation of this
article or any rule adopted pursuant to this article. (2) Fraud, deceit, or misrepresentation
regarding an application or license. (3) Knowingly and willfully making a material misstatement
in connection with an application for a license or renewal. (4) A conviction by a court of
competent jurisdiction of a felony. (5) A conviction by a court of competent jurisdiction
of a Class A misdemeanor, if the board finds that the conviction reflects unfavorably on the
fitness of the individual for the license. (6) The commission of any act which would have
been cause for refusal to issue the license or identification card had it existed and been
known to the board at the time of issuance. (b) A license may be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/15-13-215.htm - 1K - Match Info - Similar pages
2-15-132
Section 2-15-132 Dealer license required; denial or revocation of license; appeal. (a) No person
may engage in the business of a dealer as defined in Section 2-15-131 without having a license
therefor issued by the Commissioner of Agriculture and Industries, which license shall expire
on December 31 and shall be renewable as of January 1 of each year. (b) An application for
a license or annual renewal of a license as required under subsection (a) of this section
shall be filed with the commissioner upon a form furnished for this purpose accompanied by
a fee established by the Board of Agriculture and Industries payable before issuance of such
license. Such application shall state the full name and address of the person applying for
the license, the name of each member of the firm or all officers, if a corporation or association,
together with the location of the applicant's business operation and the general territory
or area in which the applicant intends to buy livestock, and it...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-15-132.htm - 4K - Match Info - Similar pages
34-14C-6
Section 34-14C-6 Denial, suspension, or revocation of license; hearing; notice, penalties;
appeal. (a) The board may deny, suspend, or revoke a license as provided in this section.
(b) A license may not be denied, suspended, or revoked except by majority vote of the board
and with prior notice and opportunity for hearing in accordance with this chapter and the
Alabama Administrative Procedure Act. (c) The board may institute a hearing for denial, suspension,
or revocation of a license or any person may file a written complaint with the board seeking
the denial, suspension, or revocation of an application for licensure or license issued by
the board or the investigation of any unlicensed person or entity providing home medical equipment
services. The complaint shall be in a form prescribed by the board. (d) A copy of the charges,
including notice of the time and place of hearing, shall be served by certified mail, return
receipt requested, at least 21 days before the scheduled hearing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-14C-6.htm - 8K - Match Info - Similar pages
5-26-3
Section 5-26-3 Definitions. For purposes of this chapter, the following definitions shall apply:
(1) DEPOSITORY INSTITUTION. The term "depository institution" has the same meaning
as in Section 3 of the Federal Deposit Insurance Act, and includes any credit union. (2) FEDERAL
BANKING AGENCIES. The term "federal banking agencies" means the Board of Governors
of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office
of Thrift Supervision, the National Credit Union Administration, and the Federal Deposit Insurance
Corporation. (3) IMMEDIATE FAMILY MEMBER. The term "immediate family member" means
a spouse, child, sibling, parent, grandparent, or grandchild. This includes stepparents, stepchildren,
stepsiblings, and adoptive relationships. (4) INDIVIDUAL. The term "individual"
means a natural person. (5) LOAN PROCESSOR OR UNDERWRITER. (a) In General. The term "loan
processor or underwriter" means an individual who performs clerical or support duties
as an...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-26-3.htm - 7K - Match Info - Similar pages
34-1A-5
Section 34-1A-5 Licenses - Issuance; fees; suspension or revocation; nonresident license; display;
written service contracts; confidential information. (a) The board shall issue licenses authorized
by this chapter to all qualified individuals in accordance with rules or regulations established
by the board. (b)(1) Effective beginning January 1, 2014, the license fee for a two-year period
as set by the board shall not exceed three hundred dollars ($300) for an individual and one
thousand five hundred dollars ($1,500) for a business entity. (2) Effective for the license
year beginning January 1, 2014, and thereafter, the board may provide for the licenses to
be renewed on a staggered basis as determined by rule of the board and, in order to stagger
the license renewals, may issue the license for less than a two-year period. The amount of
the license fees provided in subdivision (1) shall be prorated by the board on a monthly basis
for the number of months the board issues the licenses in...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-1A-5.htm - 6K - Match Info - Similar pages
|