Minnesota Statutes Banking (Ch. 46-59) § 58A.08. Standards for license renewal

Subdivision 1.Generally. The minimum standards for license renewal for a mortgage loan originator include that the mortgage loan originator:

Subd. 2.Failure to satisfy minimum standards of license renewal. The license of a mortgage loan originator failing to satisfy the minimum standards for license renewal expires. The commissioner may adopt procedures for the reinstatement of expired licenses consistent with the standards established by the Nationwide Multistate Licensing System and Registry.