{"data":{"id":"us-nd/n.d.-cent.-code-13-10-05","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 13-10-05","heading":"Issuance of license","body":"The commissioner shall not issue a mortgage loan originator license unless the commissioner makes at a minimum the following findings:\n1.The applicant has never had a mortgage loan originator license revoked in any governmental jurisdiction, except that a subsequent formal vacation of such revocation shall not be deemed a revocation.\n2.The applicant has not been charged pending trial, convicted, pled guilty, pled to lesser charges, or pled nolo contendere to, a felony in a domestic, foreign, or military court:\na.During the seven-year period preceding the date of the application for licensing and registration; or\nb.At any time preceding such date of application, if such felony involved an act of fraud, dishonesty, or a breach of trust, or money laundering;\nc.Provided that any pardon of a conviction shall not be a conviction for purposes of this subsection.\n3.a.The applicant has demonstrated financial responsibility, character, and general fitness such as to command the confidence of the community and to warrant a determination that the mortgage loan originator will operate honestly, fairly, and efficiently within the purposes of this chapter.\nb.For purposes of this subsection, a person has shown that that person is not financially responsible when that person has shown a disregard in the management of that person's own financial condition. A determination that an individual has not shown financial responsibility may include:\n(1)Current outstanding judgments, except judgments solely as a result of medical expenses;\n(2)Current outstanding tax liens or other government liens and filings;\n(3)Foreclosures within the past three years; and\n(4)A pattern of seriously delinquent accounts within the past three years.\n4.The applicant has completed the prelicensing education requirement described in section 13-10-06.\n5.The applicant has passed a written test that meets the test requirement described in section 13-10-07.\n6.The applicant has met the net worth and surety bond requirements under section 13-10-13.","path":["Title 13 Debtor And Creditor Relationship","Chapter 13-10 Mortgage Loan Originators"],"source_url":"https://ndlegis.gov/cencode/t13c10.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"119e820b09dcbb00dc350f81cd9d32c5322713e9f96dc0f6859db448e019df5f","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-13-10-04","next":"us-nd/n.d.-cent.-code-13-10-06"},"notice":"GroundRules: Original legal text. Not legal advice."}