2758.5. Application, Electronic Signature, and License Changes.
(a) An application to obtain a mortgage loan originator license endorsement or to change licensing information on an
existing mortgage loan originator license endorsement must be filed using the procedures and electronic system
maintained by the Nationwide Mortgage Licensing System and Registry. An applicant shall sign and attest to the
information provided in the application through the electronic signature function of the system.
(b) A real estate licensee who has been issued a license endorsement is required to maintain the same current license
information on file with the Department and with the Nationwide Mortgage Licensing System and Registry, including
licensee name, licensee main office and mailing address. License information regarding a licensee's fictitious business
names and branch office locations that are used for mortgage loan origination activities must also be provided
contemporaneously by the licensee to both the Department and Nationwide Mortgage Licensing System and Registry.
(c) Where a licensed real estate salesperson acts as a mortgage loan originator and holds a mortgage loan originator
license endorsement, notice of retention or retention change for that salesperson that is required to be submitted to the
Department under the provisions of the Real Estate Law and the Regulations of the Commissioner must also be filed
electronically using the Nationwide Mortgage Licensing System and Registry.
(d) Brokers who retain broker associates to conduct mortgage loan originator activities must provide employment
sponsorship information to the Nationwide Mortgage Licensing System and Registry within five (5) days of the
commencement of employment. Termination of a broker/broker associate retention relationship must be reported to the
Nationwide Mortgage Licensing System and Registry within five (5) days of the termination.