Mortgage lenders and brokers; criminal history records check.

From the Legislature

Mortgage lenders and brokers; criminal history records check. Replaces the option for an applicant submitting the required criminal history records check for licensure as a mortgage lender or mortgage broker, or an applicant to acquire control of a licensee, to submit fingerprints and other information to the Commissioner of Financial Institutions to forward such information to the Central Criminal Records Exchange with the option to submit such information to an FBI-approved channeler to forward such information to the FBI for the purposes of obtaining national criminal history record information. Under current law, there is also an option for such an applicant to submit such information to the Nationwide Mortgage Licensing System and Registry.