2758.6. Corporate Real Estate Brokers, Officers, Directors, and Shareholders.
The designated officer of a corporation who applies for or has been issued a mortgage loan originator license
endorsement on behalf of the corporation is responsible for maintaining and updating, as needed, on the Nationwide
Mortgage Licensing System and Registry, background information for the following individuals associated with the
corporation:
(a) directors,
(b) officers,
(c) subordinate officers with the responsibility for forming policy of the corporation,
(d) all natural persons owning or controlling ten percent or more of the corporation's shares.
These directors, officers, subordinate officers, and owners/controlling persons are required by these regulations to
provide personal information and background information as requested by the Nationwide Mortgage Licensing System
and Registry. A broker officer who conducts mortgage loan originator activities on behalf of a corporate real estate
licensee must hold an individual mortgage loan originator license endorsement.