The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 8 V.S.A. § 2208a)
-
§ 2208a. Mortgage loan originator change of employer or sponsor
(a) No mortgage loan originator may be employed, supervised, and sponsored by more than
one licensed lender or licensed mortgage broker operating in this State. Alternatively,
a mortgage loan originator may be an individual sole proprietor who is also licensed
as a lender or mortgage broker in this State.
(b) A mortgage loan originator shall notify the Commissioner and update its status on
the Nationwide Mortgage Licensing System and Registry within 15 days of any change
in the employer and sponsor of the mortgage loan originator subsequent to the initial
employer and sponsor. A fee of $50.00 payable to the Commissioner shall accompany
notice of such change of employer and sponsor. (Added 2009, No. 134 (Adj. Sess.), § 19.)