Registered loan originator means a natural person who meets the definition of loan originator and is an employee of a depository institution or a subsidiary that is wholly owned and controlled by the depository institution and regulated by a federal banking agency or an institution regulated by the Farm Credit Administration and is registered with and maintains a unique identifier through the Nationwide Mortgage Licensing System and Registry.
Registered loan originator means an individual to whom both of the following apply:
Registered loan originator means an individual who:
Examples of Registered loan originator in a sentence
The term "nontraditional mortgage product" means any mortgage product other than a 30-year fixed rate mortgage.(8 7) Registered loan originator.
More Definitions of Registered loan originator
Registered loan originator. ’ means any individual
Registered loan originator means any individual who is both of the following:
Registered loan originator means any individual who is both of
Registered loan originator means a loan origi- nator who is employed by a depository institution, by a subsidiary that is owned and controlled by a depository institution and regulated by a federal banking agency, or by an institution regulated by the Farm Credit Admin- istration, and who is registered with and maintains a unique identifier through the registry.
Registered loan originator means a loan originator
Registered loan originator means an individual who: 1021 (a) engages in an act as a loan originator only as an employee of: 1022 (i) a depository institution; 1023 (ii) a covered subsidiary; or 1024 (iii) an institution regulated by the Farm Credit Administration; and 1025 (b) is registered with, and maintains a unique identifier through, the nationwide 1026 database. 1027 (19) (a) Subject to Subsection (19)(b), "residential mortgage loan" means: 1028 (i) a mortgage loan; or 1029 (ii) a loan that is: 1030 (A) secured by a mortgage; and 1031 (B) subject to Title 70C, Utah Consumer Credit Code. 1032 (b) A loan described in Subsection (19)(a) is a "residential mortgage loan" only if the 1033 mortgage securing the loan is on: 1034 (i) a dwelling located in the state; or 1035 (ii) real property located in the state, upon which is constructed or intended to be 1036 constructed a dwelling. 1037 (20) "Unique identifier" is as defined in 12 U.S.C. Sec. 5102. 1038 Section 20. Repealer. 1039 This bill repeals: 1040 Section 7-3-3.3, Tying of other bank services prohibited. 1041 Section 7-3-16, Losses charged to surplus -- Replenishment of fund -- Dividend 1042 restrictions. 1043 Section 7-8-12, Charge off of losses sustained on receivables and operating losses -- 1044 Replenishment of surplus account.
Registered loan originator means a natural person who meets the definition of loan originator and is an employee of a depository institution or a subsidiary that is wholly owned and