Title

Legislative Findings and Intent. Definitions. License and Registration Required. Guam License and Registration Application and Issuance. Issuance of License. Pre-Licensing and Re-Licensing Education of Loan Originators. Testing of Loan Originators. Standards for License Renewal. Continuing Education for Mortgage Loan Originators. Authority to Require License. Nationwide Mortgage Licensing System and Registry Information Challenge Process. Enforcement Authorities, Violations and Penalties. Surety Bond Required. Minimum Net Worth Required. Confidentiality. Investigation and Examination Authority. Prohibited Acts and Practices. Mortgage Call Reports. Report to Nationwide Mortgage Licensing System and Registry. Privately Insured Credit. Unique Identifier Shown. Effective Date. Severability.