Maine Revised Statutes Title 9-A Sec. 13-111 – Nationwide mortgage licensing system and registry information challenge process
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Terms Used In Maine Revised Statutes Title 9-A Sec. 13-111
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Nationwide mortgage licensing system and registry: means a mortgage licensing system developed and maintained by a national organization dedicated to advancing the state banking system and a national association of residential mortgage regulators for the licensing and registration of licensed mortgage loan originators. See Maine Revised Statutes Title 9-A Sec. 13-102
The administrator shall establish a process by which mortgage loan originators may challenge information entered into the nationwide mortgage licensing system and registry by the administrator. [PL 2009, c. 362, Pt. B, §1 (NEW).]
SECTION HISTORY
PL 2009, c. 362, Pt. B, §1 (NEW).