Idaho Code 26-31-312 – Nationwide Mortgage Licensing System and Registry Information Challenge Process
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Idaho Code 26-31-312
- Director: means the director of the department of finance. See Idaho Code 26-31-102
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- NMLSR: means a mortgage licensing system developed and maintained by the conference of state bank supervisors and the American association of residential mortgage regulators for the licensing and registration of mortgage brokers, mortgage lenders, and mortgage loan originators. See Idaho Code 26-31-102
The director shall establish a process whereby mortgage loan originators may challenge the information entered into the NMLSR by the director.