RCW 19.146.300
Loan originator
license -- Application -- Applicant to furnish information
establishing identification -- Background check -- Fees -- Rules.
(Effective until January 1, 2010.)
(1) Application for a loan
originator license under this chapter shall be in writing and in
the form prescribed by the director. The application shall
contain at least the following information:
(a) The name, address, date of birth, and social security
number of the loan originator applicant, and any other names,
dates of birth, or social security numbers previously used by the
loan originator applicant, unless waived by the director; and
(b) Such other information regarding the loan originator
applicant's background, experience, character, and general
fitness as the director may require by rule.
(2) As part of or in connection with an application for any
license under this section, the loan originator applicant shall
furnish information concerning his or her identity, including
fingerprints for submission to the Washington state patrol, the
federal bureau of investigation, and any governmental agency or
entity authorized to receive this information for a state and
national criminal history background check; personal history;
experience; business record; purposes; and other pertinent facts,
as the director may reasonably require. As part of or in
connection with an application for a license under this chapter,
the director is authorized to receive criminal history record
information that includes nonconviction data as defined in RCW 10.97.030. The department may only disseminate nonconviction
data obtained under this section to criminal justice agencies.
This section does not apply to financial institutions regulated
under chapters 31.12 and 31.13 RCW and Titles 30, 32, and 33 RCW.
(3) At the time of filing an application for a license under
this chapter, each loan originator applicant shall pay to the
director the appropriate application fee in an amount determined
by rule of the director in accordance with RCW 19.146.228 to
cover the cost of processing and reviewing the application. The
director shall deposit the moneys in the financial services
regulation fund.
(4) The director must establish by rule procedures for
accepting and processing incomplete applications.
[2006 c 19 § 19.]
RCW 19.146.300
Loan originator
license -- Application -- Applicant to furnish information
establishing identification -- Background check -- Fees -- Rules.
(Effective January 1, 2010.)
(1) Application for a loan
originator license under this chapter must be made to the
nationwide mortgage licensing system and registry and in the form
prescribed by the director. The application shall contain at
least the following information:
(a) The name, address, date of birth, and social security
number of the loan originator applicant, and any other names,
dates of birth, or social security numbers previously used by the
loan originator applicant, unless waived by the director; and
(b) Such other information regarding the loan originator
applicant's background, experience, character, and general
fitness as the director may require by rule.
(2)(a) As part of or in connection with an application for
any license under this section, or periodically upon license
renewal, the loan originator applicant shall furnish information
concerning his or her identity, including fingerprints for
submission to the Washington state patrol, the federal bureau of
investigation, the nationwide mortgage licensing system and
registry, or any governmental agency or entity authorized to
receive this information for a state and national criminal
history background check; personal history; experience; business
record; purposes; and other pertinent facts, as the director may
reasonably require. As part of or in connection with an
application for a license under this chapter, or periodically
upon license renewal, the director is authorized to receive
criminal history record information that includes nonconviction
data as defined in RCW 10.97.030. The department may only
disseminate nonconviction data obtained under this section to
criminal justice agencies. This section does not apply to
financial institutions regulated under chapters 31.12 and 31.13 RCW and Titles 30, 32, and 33 RCW.
(b) In order to reduce the points of contact which the
federal bureau of investigation may have to maintain, the
director may use the nationwide mortgage licensing system and
registry as a channeling agent for requesting information from
and distributing information to the department of justice or any
governmental agency.
(c) In order to reduce the points of contact which the
director may have to maintain, the director may use the
nationwide mortgage licensing system and registry as a channeling
agent for requesting and distributing information to and from any
source so directed by the director.
(d) As part of or in connection with an application for a
license under this section, the loan originator applicant must
furnish to the nationwide mortgage licensing system and registry
personal history and experience in a form prescribed by the
nationwide mortgage licensing system and registry, including the
submission of authorization for the nationwide mortgage licensing
system and registry and the director to obtain:
(i) An independent credit report obtained from a consumer
reporting agency described in section 603(p) of the federal fair
credit reporting act; and
(ii) Information related to any administrative, civil, or
criminal findings by any governmental jurisdiction.
(3) At the time of filing an application for a license under
this chapter, each loan originator applicant shall pay to the
director the appropriate application fee in an amount determined
by rule of the director in accordance with RCW 19.146.228 to
cover the cost of processing and reviewing the application. The
director shall deposit the moneys in the financial services
regulation fund.
(4) The director must establish by rule procedures for
accepting and processing incomplete applications.
[2009 c 528 § 9; 2006 c 19 § 19.]
NOTES:
Effective date -- License requirement -- Implementation -- 2009 c 528: See notes following RCW 19.146.010.