Ohio § 1322.09

§ 1322.09.

(A)(1) An application for a certificate of registration shall be in writing, under oath,

and in a form prescribed by the superintendent of financial institutions that complies

with the requirements of the nationwide mortgage licensing system and registry.  The application shall be accompanied by a nonrefundable application fee of seven

hundred dollars for each location of an office to be maintained by the applicant in

accordance with division (A) of section 1322.07 of the Revised Code and any additional fee required by the nationwide mortgage licensing system and registry. (2) The application shall include the names and addresses of the owners, officers, or

partners having control of the applicant, including all of the following: (a) In the case of a sole proprietor, the name and address of the sole proprietor; (b) In the case of a partnership, the name and address of each partner; (c) In the case of a corporation, the name and address of each shareholder owning five

per cent or more of the corporation; (d) In the case of any other entity, the name and address of any person that owns five

per cent or more of any entity that will transact business under the certificate of

registration. (3) In addition to any information required by this section, an applicant shall furnish

to the superintendent any reasonable information the superintendent may require. (B) Upon the filing of the application and payment of the nonrefundable application fee

and any fee required by the nationwide mortgage licensing system and registry, the

superintendent shall investigate the applicant and any individual whose identity is

required to be disclosed in the application.  As part of that investigation, the superintendent shall conduct a civil records

check. If, in order to issue a certificate of registration to an applicant, additional investigation

by the superintendent outside this state is necessary, the superintendent may require

the applicant to advance sufficient funds to pay the actual expenses of the investigation,

if it appears that these expenses will exceed five hundred dollars.  The superintendent shall provide the applicant with an itemized statement of the

actual expenses that the applicant is required to pay. (C) In connection with applying for a certificate of registration, the applicant shall

furnish to the nationwide mortgage licensing system and registry information concerning

the applicant's identity, including all of the following for the applicant and any

individual with control of the applicant: (1) The applicant's fingerprints for submission to the federal bureau of investigation,

and any other governmental agency or entity authorized to receive such information,

for purposes of a state, national, and international criminal history background check; (2) Personal history and experience in a form prescribed by the nationwide mortgage licensing

system and registry, along with authorization for the superintendent and the nationwide

mortgage licensing system and registry to obtain both of the following: (a) An independent credit report from a consumer reporting agency; (b) Information related to any administrative, civil, or criminal findings by any governmental

jurisdiction. (D) The superintendent shall pay all funds advanced and application and renewal fees

and penalties the superintendent receives pursuant to this section and section 1322.10 of the Revised Code to the treasurer of state to the credit of the consumer finance fund created in section 1321.21 of the Revised Code . (E) If an application for a certificate of registration does not contain all of the information

required under this section, and if that information is not submitted to the superintendent

or to the nationwide mortgage licensing system and registry within ninety days after

the superintendent or the nationwide mortgage licensing system and registry requests

the information in writing, including by electronic transmission or facsimile, the

superintendent may consider the application withdrawn. (F) A certificate of registration and the authority granted under that certificate is

not transferable or assignable and cannot be franchised by contract or any other means. (G)(1) The superintendent may establish relationships or enter into contracts with the nationwide

mortgage licensing system and registry, or any entities designated by it, to collect

and maintain records and process transaction fees or other fees related to mortgage

lender, mortgage servicer, or mortgage broker certificates of registration or the

persons associated with a mortgage lender, mortgage servicer, or mortgage broker. (2) For purposes of this section and to reduce the points of contact that the federal

bureau of investigation may have to maintain, the division of financial institutions

may use the nationwide mortgage licensing system and registry as a channeling agent

for requesting information from and distributing information to the United States

department of justice or other governmental agencies. (3) For purposes of this section and to reduce the points of contact that the division

may have to maintain, the division may use the nationwide mortgage licensing system

and registry as a channeling agent for requesting information from and distributing

information to any source as determined by the division.