Current through the 2023 Regular Session
Section 32-9-109 - Experience requirements(1) An individual may not act as a designated manager without a minimum of 3 years of experience working as a mortgage loan originator or in a related field.(2) An individual may not act as a responsible individual without a minimum of 1 1/2 years of experience working as a mortgage loan originator or in a related field.(3) The department shall by rule establish what constitutes work in a related field. (See part compiler's comment regarding contingent suspension.)Amended by Laws 2015, Ch. 24, Sec. 6, eff. 10/1/2015.Amended by Laws 2013, Ch. 125, Sec. 7, eff. 10/1/2013.En. Sec. 6, Ch. 516, L. 2003; amd. Sec. 3, Ch. 301, L. 2005; amd. Sec. 3, Ch. 498, L. 2007; amd. Sec. 9, Ch. 321, L. 2009.See part compiler's comment regarding contingent suspension.