Guam § 36309 - Standards for License Renewal.
Full text of Guam Guam Code Annotated § 36309 — Standards for License Renewal., with citation guidance and answers to common questions.
§ 36309. Standards for License Renewal.
(a) General. The minimum standards for license renewal for mortgage
loan originators shall include the following:
(1) The mortgage loan originator continues to meet the minimum
standards for license issuance under § 36305 (a) through (f) of this Act.
(2) The mortgage loan originator has satisfied the annual
continuing education requirements described in § 36310 of this Act.
(3) The mortgage loan originator has paid all required fees for
renewal of the license.
(b) Failure to Satisfy Minimum Standards for License Renewal. The
license of a mortgage loan originator failing to satisfy the minimum
standards for license renewal shall expire. The Commissioner may adopt
procedures for the reinstatement of expired licenses consistent with the
standards established by the Nationwide Mortgage Licensing System and
Registry.
Frequently Asked Questions About Guam § 36309
What does Guam Code Annotated § 36309 cover?
Section 36309 ("Standards for License Renewal.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 36309?
A common citation format is "Guam Code Annotated § 36309" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 36309 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.